KEYFACT Energy
Cue Energy Resources Limited, through its 100% owned subsidiary Cue Sampang Pty Ltd, provides information that 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.
The Participants in the Sampang PSC are:
- Santos (Sampang) Pty Ltd (An Ophir Energy Group company): 45% (Operator)
- Singapore Petroleum Sampang Ltd: 40%
- Cue Sampang Pty Ltd: 15%