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News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

Tag: Mahato

BA-01 Exploration Well: Rig onsite and preparing for drilling within a week

Posted on 27 July 2023

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE) is pleased to announce rig mobilisation for the high impact exploration well BA-01 within the Mahato PSC (Production Sharing Contract) is more than 80% complete and the well is expected to spud within a week.

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Mahato PSC Update – PB - 19 Production Well Online

Posted on 19 December 2022

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an updatethat oil production well PB-19 in the Mahato Production Sharing Contract (PSC), Indonesia, hasbeen successfully drilled and completed and is producing approximately 800 barrels of oil perday (bopd).

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Mahato PSC Update – Reserves Upgrade And Company Reserves As At 1 January 2022

Posted on 29 March 2022

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has undertaken a review of the reserves and recoverable volumes in the Mahato PSC as of 1 January 2022. This is following
the successfully drilling of 8 production wells (PB-1 to PB-8) in 2021 with the field currently producing at approximately 5,500 barrels of oil per day (bopd).

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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).

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Mahato Exploration Well Update

Posted on 14 October 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update related to the Mahato exploration well.

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Mahato PSC Update – First Revenue Received

Posted on 20 May 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that first revenue from oil sales from the PB field in the Mahato PSC, Indonesia, has been received by Cue Mahato Pty Ltd. The update release is attached.

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Mahato PSC Update – Development Update

Posted on 28 April 2021


New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that the PB-5 development well in the Mahato PSC has recently been successfully drilled and tested at a gross rate of approximately 1000 barrels of oil per day (bopd).

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Mahato PSC Update - Oil Production

Posted on 15 January 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that commercial production of oil has commenced from the PB field in the Mahato PSC in Indonesia and the dispute between Cue and the Joint Venture partners has been settled. The update release is attached.

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Mahato psc update

Posted on 30 April 2020


New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that the Indonesian Ministry of Energy and Mineral Resources has announced a 61.8 million barrel oil discovery in the Mahato PSC, this is attached.

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Mahato PSC update

Posted on 26 February 2020

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that a tender has been released for the rental of oil production facility equipment for the Mahato PSC, this is attached.


Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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