MEO Australia Limited (ASX: MEO; OTC: MEAOY) reported today 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.”