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MELBOURNE, AUSTRALIA (4th November, 2010)
MEO Australia Limited (ASX: MEO; OTC: MEOAY) is pleased to provide an update to the anticipated timeframe for receiving the Songa Venus semi-submersible drilling rig from Shell, the current Operator.
The latest advice from Shell is that the rig is expected to be handed over to MEO on or about midday (Western Standard Time) on 11th November 2010. This look-ahead forecast is subject to operational progress meeting current expectations.
Once the rig has been handed over, it will undergo an approximate 7-day tow to the Artemis-1 location.