Gulf of Thailand offshore oil drilling target set

Sept. 5, 2012
The first exploration drilling in permit B2/48 of the Gulf of Thailand is scheduled to begin in 4Q 2012.

Offshore staff

MELBOURNE, Australia –The first exploration drilling in permit B2/48 of the Gulf of Thailand is scheduled to begin in 4Q 2012.

Pearl Oil has contracted theEnsco 85 for a multi-well campaign, and the Sainampueng 1 is included on the list.

MEO Australia Ltd. (ASX:MEO; OTCQX:MEOAY) says the 450-sq km (174-sq mi) 3D seismic survey targeting the southern Rayond graben identified about two dozen prospects and leads in multiple possible plays at several depths. Sainampueng 1 is intended to establish whether the permit is oil generative.

MEO acquired a 50% participating interest in the block earlier this year.

9/5/2012