something happening, page-15

Good...so on technicals its moving as well.

MEO said in the 2nd quarter of 2009, they should have a farm in partner on their 70% held Carnarvon basin project so news could be close on that. Good beginning to a breakout anyway.




"MEO wraps up Carnarvon shoot

By Upstream staff


MEO Australia has completed the 250 square kilometre 3D Artemis seismic shoot in the Carnarvon basin off Western Australia in permit WA-360-P.

The explorer said that processing of the survey is due to take up to 90 days.

The sweep is designed to provide 3D coverage over the extension of the Artemis prospect identified on MEO’s existing 2007/08 3D seismic survey, in preparation for drilling of an exploration well in 2010.

MEO expects to commence a formal farm-out process during the second quarter this year to secure funding for the proposed well.

MEO operates the WA-360-P licence with a 70% stake on behalf of partners Cue Energy and Gascorp, each holding a 15% interest."

http://www.upstreamonline.com/live/article175051.ece



"Australian minnow MEO is seeking a farm-in partner to foot some of the costs of exploration drilling in permit WA-360-P in the Carnarvon Basin off Western Australia..."

http://www.energyintel.com/DocumentDetail.asp?Try=Yes&document_id=256812&publication_id=31