MEO Australia Limited advises that the Western Australian Department of Mines & Petroleum has granted approval for the drilling of Artemis-1 in WA-360-P and has further advised it has accepted MEO's Well Operations Management Plan (WOMP).

This represents the final regulatory approval in relation to the drilling of Artemis-1.

MEO expects to receive the rig from Shell, the current Operator, around mid November, depending on operational progress on their current well. Once the rig has been handed over, it will be towed to the Artemis-1 location. This is expected to take approximately seven (7) days.

WA-360-P Participants Petrobras International Braspetro PIB BV (a wholly owned subsidiary of Petrobras): 50% North West Shelf Exploration Pty Ltd a wholly owned MEO subsidiary: 25% Cue Energy Resources Limited: 15% Rankin Trend Pty Ltd a wholly owned subsidiary of Moby Oil & Gas: 10% *MEO Australia Limited is Operator for the Joint Venture

Tags: MEO Australia Limited