Mahato Psc Update – Pb-07 Production Well Online

Posted on 14 December 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-07 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing approximately 650 barrels of oil per day (bopd).

The update release is attached.
Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.