AUSTRALIA

MEO's frigate does not come in

MEO Australia has been left frustrated at Heron South-1 in NT/P68 after it confirmed a possible large in-gas place resource at Heron, but encountered low reservoir permeability at the second of two intervals tested.

James McGrath

It told the Australian Securities Exchange this morning that while gas flowed to the surface from the Frigate formation, it was at a low flow rate. Composition of the gas that did flow to the surface...

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