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Mystery surrounds Vulcan farm-out

FRESH from disentangling itself from modest but potentially bank-breaking drilling obligations in the Breakwater-1 well, MEO Australia has lessened its exposure to two challenging permits in the Timor Sea by offering an option to a mysterious third party, replacing former option holder Apache Energy.

Haydn Black
Mystery surrounds Vulcan farm-out

MEO managing director Peter Stickland told Energy News the group behind potential partner Rouge Rock did not want to be identified at this stage, but he confirmed they were "well known" to the Australian...

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