southern bonaparte gulf permits

OXX holds several permits in the SBG including WA-440-P which adjoins WA-454-P held by MEO.MEO announced today they are opening a data room for their permit as a start to attract someone to farmin.Hopefully they will get plenty of interest.

"MELBOURNE, AUSTRALIA (10th October, 2012)
MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that the data room for the WA-454-P exploration permit which contains the Marina-1 gas and probable oil discovery and the sizeable Breakwater prospect will open on November 1st.
The farmout brochure attached to this release provides an overview of the exploration permit and is being distributed to industry participants with the intention of securing a farminee to fund planned drilling in the permit. The farmout is scheduled to conclude by the end of 1Q-2013.
The Marina-1 discovery independently is assessed to contain 3C* contingent gas resources of up to 302 Bcf and 3C* contingent oil/condensate resources of up to 29.5 MMstb.
The nearby Breakwater prospect is an LNG scale prospect with potential for significant liquids located near discovered resources with plans for development using Floating LNG technology. The nearby Blacktip gas field supplies the Darwin domestic market. The “gas only case” prospective resource estimate is up to 2.7 Tcf with 87 MMstb condensate (High case*) while the “gas and oil case” prospective resource is up to 2.4 Tcf with 276 MMstb oil/condensate (High case*)."