MEO Australia Limited provides the following update with respect to activities being carried out by the permit operator, Eni Australia Ltd, in NT/P68.

Bathurst 3D Seismic Survey The CGG Veritas seismic vessel, M/V Veritas Viking II commenced acquisition of the 698 km2 Bathurst 3D Seismic Survey on 3rd December 2011. The survey, over the Blackwood East area of the permit was 52% complete as of 19th December with a total of 363 km2 of full fold 3D coverage recorded.

Heron-3 Timing Update The 15th December 2011 Ensco plc Fleet Status Report indicates that the handover of the Ensco 109 jack-up drilling rig to Eni for drilling of the Heron-3 well is expected to occur in June 2012. The new handover date reflects the later end date of the work program underway by the current rig contractor.

Tags: MEO Australia Limited