Eni to drill Blackwood prospect offshore Australia

Offshore staff

MELBOURNE, Australia – MEO Australia Ltd. (ASX: MEO;OTCQX: MEOAY) says operator Eni Australia Ltd. has provided notice under the NT/P68 farm-in agreement that it will drill a well in the Blackwood area of the permit.

The well will evaluate the 2008 Blackwood gas discovery.

MEO has a 50% participating interest in the well which will be 100% funded by Eni including production testing.

Eni has 18 months to drill the well.

2/4/2013

Blackwood area

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