Kea Petroleum appoints liquidators to dispose assets

MEO Australia Ltd. has received advice from Kea Petroleum Ltd., operator of the PEP51153 exploration permit located onshore New Zealand, that it has appointed liquidators to liquidate the assets of the company.

MEO Australia said that it is not yet clear how this affects the previously announced sale of Kea’s 70% interest in PEP51153 to Puka Petroleum Ltd. (PPL), which has not yet reached completion.

MEO is a joint venture participant in PEP51153 (MEO, 30%) and its interest in the permit is not affected by the appointment of liquidators to Kea.

 

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