Cue hopeful on SE Gobe-12

DRILLING of SE Gobe-12 began earlier this month, with the deviated well expected to take 29 days to complete.
Cue hopeful on SE Gobe-12 Cue hopeful on SE Gobe-12 Cue hopeful on SE Gobe-12 Cue hopeful on SE Gobe-12 Cue hopeful on SE Gobe-12

Melbourne-based explorer Cue Energy, which holds a 3.29% stake in the well, said it was located within the SE Gobe unit and was a southeast extension of the SE Gobe field.

The well is a follow-up to the nearby SEG-11 well, which was recently responsible for extending the significant SE Gobe field. Cue said drilling would reach a total depth of 2400m.

Oil Search is operator of the SE Gobe unit, holding a 52.9% stake, while Southern Highlands Petroleum (23.69%), Santos (9.39%) and Ampolex (5.95%) are also partners.

In its December quarterly, Cue said it received $A1.8 million in revenue from its 260 barrels per day share of SE Gobe production.

Cue also holds a stake in the Santos-operated Jeruk oil field in Indonesia.

Shares in Cue were unchanged in morning trade at 23c.

PNGIndustry-News

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