New Zealand Oil and gas
SHAREPRICE

MAARI UPDATE: MN1 well online and producing 800 BOPD

Posted on 2 June 2023

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that MN1 oil production well in the Maari/Manaia field, located offshore New Zealand, has successfully been repaired. The well is now operational again, with the latest test data indicating production of approximately 800 barrels of oil per day.

Cue’s release is attached.
Cue has a 5% interest in Petroleum Mining Permit (PMP) 38160 which contains the Maari and Manaia producing oilfields, and is located in the Taranaki Basin, New Zealand. New Zealand Oil & Gas has a 50.04% interest in Cue.