MEO said a recent seismic reprocessing and inversion project had “reinvigorated interest” in its wholly-owned WA-488-P which contains the Beehive the prospect.
It revealed Monday four “substantial” companies had engaged in the farm-out process and were actively reviewing the technical data for the permit.
“The Beehive prospect is one of the largest hydrocarbon structures in Australia and it is widely recognised that the recent seismic reprocessing and inversion have enhanced the characterisation of the prospect,” MEO managing director Peter Stickland said.
“In
