MEO said Santos had sold 12.3 million shares, and the sale was facilitated by Tolhurst Limited.
"The shares were placed to Australian funds and private clients enthusiastic about the current drilling program in (Block) NT/P68," said MEO managing director Chris Hart.
Santos had at one stage owned 16.9% of MEO, which wanted to use feedstock gas from Santos' Evans Shoal field for its Tassie Shoal methanol/LNG projects.
MEO
