MEO Australia Finds No Hydrocarbons at Artemis-1 Location

MEO Australia Limited advises that since the last progress report, the 9-5/8” casing was run and cemented to a depth of 2,971m MDRT and the 8-1/2” hole was drilled through the target reservoirs to a total depth of 3,500m MDRT over the weekend.

No hydrocarbons were encountered in the objective reservoirs.

Preparations are underway to run final logs before plugging and abandoning the well.

[mappress]

Source: MEO Australia, December 13, 2010;

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