"The one-month extension to the Blackwood well election recognises the limited time between completing current drilling operations and the looming well election early in the new year," managing director Jürgen Hendrich said.
"MEO views Blackwood as a completely different resource to Heron with potentially a different development path."
Eni has 18 months from the date of election to complete drilling of the well.
In the event Eni elects not to drill a well in the Blackwood area, MEO will regain 100% interest in the Blackwood area.
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