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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...