MEO Australia Requests Trading Halt

MEO Australia requested a trading halt of its shares for up to 2 days effective immediately pending an announcement regarding production testing the upper zone of interest in the Heron South-1 exploration well in NT/P68.

For the purposes of ASX Listing Rule 17.1, MEO provided the following information:

• the trading halt is necessary as otherwise trading in MEO shares may take place in an uninformed market;
• MEO requested that the trading halt remain in place until it is in a position to make an announcement to the market regarding production test results. MEO anticipates that an announcement will be made prior to the commencement of normal trading on 6th December 2012 and the trading halt will cease at that time; and
• MEO is not aware of any reason why the trading halt should not be granted.

[mappress]
LNG World News Staff, December 04, 2012