Speaking at the PESA Deal Day in Melbourne on Sunday MEO managing director Peter Stickland revealed the company was set to finalise an agreement which will see it farm-out a 30% share in the WA-488-P permit “within the next week or two”.

“With the farminee we are investigating the merits of a 3D seismic which we would be aiming to acquire late this year,” Stickland added.

MEO