MEO hangs ten on Breakwater

MEO Australia says the WA-454-P Joint Venture will make applications to the Commonwealth to vary the work program over the block that will allow it to undertake further seismic reprocessing work, the latest in a series of stalling tactics by the Melbourne-based company as is scrambles to fund several high impact wells.

The permit year is expected to end on June 8.

The JV will when seek to move the commitment well from year five to year six, which ends on December 8 2017.

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