MEO Australia Limited announces Gulf of Thailand – Sainampueng-1 progress report no.1
Friday, Nov 30, 2012

MEO Australia Limited (ASX: MEO; OTCQX: MEOAY) advises that Pearl Oil Offshore Limited (an affiliate of Mubadala Petroleum) commenced drilling Sainampueng-1 in the Gulf of Thailand G2/48 Concession at 8:30am (local time) on 23rd November. At 13:00hrs local time on 29th November, the well had reached 2,237mMDRT and was drilling ahead.

Sainampueng-1 commenced drilling from the existing 13 3/8" casing shoe used for Anchan-1. The 12¼" hole was drilled to 1,441mMDRT where 9 5/8" casing was run and cemented.

Sainampueng-1 is testing a 10 – 25 MMstb (mean to P10 prospective resources) 3-way dip closure against the basin margin fault and will fulfil the Permit Year 6 obligation.

In the event Sainampueng-1 is successful, the basin is currently assessed to contain 23 prospects and leads in multiple play types with a cumulative un-risked mean potential exceeding 100 MMstb.

Source: MEO Australia Limited

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

Member Profiles

Featured Profile

Featured Profile

Featured Videos

Featured Case Studies