• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 1 day "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 3 days The Federal Reserve and Money...Aspects which are not widely known
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 7 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 3 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 10 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 11 days Goldman Betting on Cryptocurrencies
  • 14 days Сryptocurrency predictions
Alt Text

Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

Read more +
Alt Text

Acquisition of Maari 3D Seismic Survey Commences

Cue energy has just released good news regarding permits for projects in New Zealand

Read more +
Alt Text

Environmental Approval Extended for Tassie Shoal LNG Project

MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.

Read more +

Floyd 3d Seismic Survey Completed in Timor Sea

Completes acquisition of Floyd 3D seismic survey in WA-454-P

Key Points:
• Completes acquisition of Floyd 3D seismic survey in WA-454-P (MEO 100%)
• Survey will refine Marina resource estimation and Breakwater prospect drilling location

MELBOURNE, AUSTRALIA (28th February, 2012)

MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that the S/R Veritas Viking II
completed acquisition of the Floyd 3D seismic survey in WA-454-P in the Joseph Bonaparte Gulf
region of the Timor Sea (Petrel sub-basin) at 16:31 (WST) on 27th February 2012. A total of 601
km2 of full fold data was recorded. The survey will now be processed and is expected to be
available for interpretation in late 2Q-2012.

MEO’s CEO and MD Jürgen Hendrich, commented on the announcement:

“The conclusion of this survey brings to a close the most significant investment in 3D seismic in MEO’s history.

We have held this permit for barely 8 months and our initial assessment provided sufficient encouragement to accelerate an investment in the Floyd 3D seismic survey. This survey
covers the Marina gas and liquids discovery, the nearby Breakwater prospect and two additional leads.

The acquisition, processing and interpretation of modern, high quality, 3D seismic data is a key demonstration of MEO’s strategy to add technical value ahead of seeking a partner to fund drilling.

When the final processed data arrives in house late next quarter, we will refine our volumetric
assessment of the Marina gas and liquids discovery and mature the Breakwater prospect to
drillable status. This work is a pre-requisite to attracting a funding partner.”

To see the full release including tables and map please click on the pdf file above.

Oilprice - The No. 1 Source for Oil & Energy News