Rouge will be granted the option to gain a 45% stake in the AC/P50 and AC/P51 exploration permits by carrying out and funding the remaining primary statutory work programme, which currently ends on 18 May 2018.
This will include 3D broadband reprocessing, merging of the Zeppelin and Onnia 3D seismic data, and interpretation and mapping of the reprocessed seismic data.
MEO estimates the value of the reprocessing work at roughly A$1.15
