MEO told the market that as of yesterday, the M/V Orient Explorer seismic vessel had acquired 52% of the data and the survey was on track for completion by next Thursday, December 27.

Part of the new 3D survey covers the large Zeus feature in WA-361-P, believed by MEO to be a stratigraphic trap similar to the nearby Perseus Gasfield, while the remainder covers a further stratigraphic lead (W07-E) in WA-360-P.

This mapping is expected to bring the Zeus prospect into drill-ready status.

Once this survey is complete, the vessel will move to MEO’s third North West Shelf permit, WA-359-P, to acquire 250 km of 2D data.

MEO is earning operatorship and a 60% stake in each of the three blocks, by agreeing to fund the seismic and drilling costs.

Post farm-in, Cue's stake will be reduced to 20%, while the other partners in the blocks are Exoil and Gascorp.