New Zealand Oil and gas
SHAREPRICE

Paus Biru-1 Testing Completed

Posted on 4 December 2018

New Zealand Oil & Gas subsidiary, Cue Energy Resources, has made an announcement that the Drill Stem Testing (DST) of the Paus Biru-1 exploration well, as announced on 13 November 2018, has been completed.

Preliminary results have been received and Cue is seeking confirmation and approval from the PSC Operator and Indonesian Government for release. The well is currently being plugged and abandoned as planned.

Participants in the Sampang PSC Indonesia, are Santos (Sampang) Pty Ltd (An Ophir Energy Group company) 45% (Operator); Singapore Petroleum Sampang Ltd 40% and Cue Sampang Pty Ltd 15%.

Cue's announcement is attached.