Cue Energy Announces Gas Discovery at Paus Biru-1 offshore East Java

07/12/2018

  • Gas discovery with 13.8 MMscfd gas flow rate
  • Estimated net gas pay of 29 metres intersected across the primary Mundu reservoir target
  • Plan of Development to be prepared for approval
  • Well currently being plugged and abandoned as planned 

Cue Energy Resources Limited (ASX:CUE), through its 100% owned subsidiary Cue Sampang Pty Ltd, is very pleased to announce a gas discovery at the Paus Biru-1 exploration well offshore East Java in the Madura Strait, Indonesia.

An initial Drill Stem Test (DST) undertaken over the 576-605 mMD interval successfully flowed gas at a rate of 11.2 MMscfd sustained over a 5 hour period through a 64/64” choke at 525 psi well head pressure. The well was shut in for 9 days for pressure build up before a maximum flow test which produced 13.8 MMscfd through a 120/64” choke for 55 minutes. Preliminary gas sample analysis indicates low inert content.

Paus Biru-1 is located in the Sampang PSC approximately twenty seven kilometres east of the producing Oyong Gas Field. The well was drilled as an exploration well to a total measured depth of 710 metres and intersected estimated net gas pay of 29 metres across the primary Mundu Limestone Globigerina reservoir target.

A Plan of Development with commercialisation through the existing Oyong facilities will now be prepared for submission to the regulator for approval.

The well is currently being plugged and abandoned as a gas discovery.

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