Cue to fly solo on Southern Dragon

CUE Energy Resources has completed acquisition of Petrochina's 60% interest in the promising Mahakam Hilir production sharing contract in Indonesia's Kutei Basin as it prepares to fund a $5 million shallow well its first as an operator under the company's changing direction.

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Since entering the PSC in 2011 Cue has participated in drilling three wells, all of which encountered hydrocarbons, but downhole issues mean the company was unable to establish a commercial flowrate

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