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BRIEF-Melbana Energy Says Santos' Option To Acquire Stake In Beehive Prospect Expires Unexercised

Published 04/03/2020, 12:22 pm
Updated 04/03/2020, 12:28 pm
© Reuters.  BRIEF-Melbana Energy Says Santos' Option To Acquire Stake In Beehive Prospect Expires Unexercised
MAY
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March 4 (Reuters) - Melbana Energy Ltd MAY.AX :

* SANTOS ADVISED IT HAS NOT CONCLUDED FARM OUT OF PARTICIPATING INTEREST IN BEEHIVE PROSPECT TO A THIRD PARTY IN TIME PERMITTED

* SANTOS' OPTION TO ACQUIRE AN 80% IN WA-488-P THEREFORE EXPIRES UNEXERCISED

* CO NOW HAS 100% UNENCUMBERED INTEREST IN PERMIT

* IS IN DISCUSSIONS WITH POTENTIAL PARTNERS TO JOIN IT IN DRILLING AN EXPLORATION WELL IN BEEHIVE PROSPECT

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