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MEO Australia announces Heron South-1 progress report no. 18

Thursday, Dec 06, 2012

MEO Australia Limited (ASX: MEO; OTCQX: MEOAY) provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni).

Since the last report the second of the two planned production test programs has been run.

Drill Stem Test (DST) #2 flowed gas to surface. Gas composition analysed by chromatograph is approximately 25% CO.

The information from both DST’s together with the observations made

whilst drilling the well will be reviewed to determine the forward plans for the Heron area.

Source: MEO Australia

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