MEO declares Blackwood-1 a discovery well 12:36, Tuesday, 11 March 2008
" Sydney - Tuesday - March 11: (RWE Aust Business News) - MEO Australia (ASX:MEO) has completed a series of logging runs and recovered hydrocarbons to surface at the Blackwood-1 well. Additionally a number of core samples are being analysed. Initial gas analysis has confirmed the gas is relatively dry and contains carbon dioxide in the 25-30 per cent range. A formal declaration of discovery has been made to the designated authority and the well will be plugged and abandoned as planned. ENDS"
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