DRILLING

MEO increases interest in Carnarvon basin

MEO Australia says farm-in partners Cue Exploration and Gascorp Australia have elected not to fund 5% of the Zeus-1 well in WA-361-P in the Carnarvon Basin, Western Australia.

Marija Stojkovic

MEO increases interest in Carnarvon basin

Under the farm-in agreement, Cue and Gascorp were to each fund 5% of Zeus-1 to retain a 20% working interest, however the decision not to fund the well reverts the 10% funding obligation and combined 10%...

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