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MEO Australia says Heron-2 drilling encounters good quality...

  1. melinvest
    1,406 Posts.
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    11/12/07
    09:14
    Post #: 3145946
    MEO Australia says Heron-2 drilling encounters good quality Plover sand
    LONDON (Thomson Financial) - Xtract Energy PLC said MEO Australia Ltd, in which it holds a 21.3 pct stake, encountered good quality medium grained Plover sand from 3973 to 3983 metres with mud losses of up to 60 bbls/hour -- considered indicative of good reservoir permeability -- at its Heron-2 well in the Timor Sea.

    MEO said it expects to commence drilling a 6 inch hole in the week commencing Dec 17.

    Heron-2 is being drilled by the subsidiaries of MEO Australia Ltd (MEO) and Petrofac Ltd.

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    MEO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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