MEO meo australia limited

we are go for launch, page-4

  1. 138 Posts.
    Good work Zia

    One question though. I am not sure how Shell can keep the SV for another drill after this one given the agreement MEO made with them??? Clearly MEO has contracted to take the first of the 3 option slots which is the next slot ie Shell will have to wait for A1 to be drilled before they can get the SV back??? Have I missed something here????

    MEO Australia Limited (ASX:MEO) is pleased to advise that a rig assignment agreement has been executed between Shell Development (Australia) Proprietary Ltd, Songa Offshore Drilling Limited and MEO for the Songa Venus semi-submersible drilling rig, to drill Artemis-1 in WA-360-P.
    The Songa Venus is currently contracted to Shell on the basis of a firm three well drilling program with options for up to an additional three wells. The rig assignment agreement formalizes MEO?s earlier commitment to Shell for exercise of the first of the three option slots and assignment of this slot to MEO for the drilling of Artemis-1.
 
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