MEO Australia Announces Designated Authority grants 5 year renewal of WA-361-P

MEO Australia Limited has been advised by the Western Australian Department of Mines and Petroleum as the Delegate of the Designated Authority on behalf of the Western Australia Offshore Joint Authority, that exploration permit WA-361-P has been granted a five (5) year renewal term from 31st January 2011, following mandatory relinquishment of seven (7) graticular blocks.
The renewal comprises eight (8) graticular blocks on Rowley Shoals SE50 map sheet (refer location map below) requiring 150 km2 3D seismic acquisition in the primary term and the drilling of one exploration well in permit year 4 of the secondary term (refer table below for minimum work requirements).
Source: Press release