"Permit WA-269-P, which is the permit most extensively covered by the Foxhound survey, is due for 50% relinquishment in mid 2010. The project area is sparsely explored, with no exploration wells drilled within the survey limits, however the Foxhound survey includes an east-west line between the two survey areas which ties into the Titania-1 well."
Now the Artemis JV would want to secure this area asap, given they believe Artemis, Wheatstone and pluto are simple on contiguous structure.
Also found this; "On the Exmouth Plateau, WA-269-P has had its expiry date extended to 31/05/2010. Total E&P Australia has assumed operatorship of the permit. "
Just notice iam beat me to it. Ya get the point :-)
MEO Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held