One-Page Deal Sheet
Kea Farms Out with MEO to Boost Puka Production
Meo Australia Ltd. Kea Petroleum Plc
Announced Date
April 07,2014
Close Date
April 24,2014
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Taranaki Basin"}
TargetZones:
{"Mount Messenger fo
Transaction Details: Subscribe to see
Kea Petroleum plc has announced that it has entered into a Farm-Out Agreement with MEO Australia Ltd in respect of PEP 51153, including the Puka discovery.
MEO is an ASX-listed independent oil and gas company with a portfolio of exploration and appraisal projects located offshore Northern Australia and Indonesia.
NZ$14m staged work programme with MEO to boost production and further appraise Puka.
Phase 1: MEO firm commitment of NZ$4m to earn a 30% interest with a work program consisting of:
the workover of both existing Puka wells to boost production; the drilling of a new well from the…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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