MEO Australia Limited has been notified by the National Offshore Petroleum Titles Administrator (NOPTA) of the approval of its application to vary the Western Australian offshore exploration permit WA-488-P (MEO 100 percent) work program by suspending and extending Permit Year 2 by 12 months to Nov. 21, 2016.

This additional time will provide an opportunity for MEO to undertake 93 miles (150 kilometers) of 2D broadband reprocessing and seismic inversion over the Beehive prospect. The potential drilling of the Beehive-1 exploration well has also been deferred 12 months until 2017. The details of the revised WA-488-P Work Program are listed below

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