MEDIA DISTRIBUTION BY

Cue Energy [ASX: CUE] 
http://www.cuenrg.com/


Quarterly report for period ending 30 June 2012

Cue Energy Resources (ASX: CUE) has released its June 2012 quarterly activities report which reviews the Company’s second quarter exploration activities.

Highlights: 

• Mahakam Hilir PSC onshore Kutei Basin, Indonesia: 
  • The drilling and testing of the Naga Utara –1 gas discovery well was completed.
    
    Appraisal planning is underway.
  • Naga Selatan oil exploration well encounters hydrocarbons with interpretation of results indicating significant up-dip potential.
• Foxhound 3D seismic survey in WA-360-P confirms sizable Maxwell prospect.
• Banambu Deep free carried drilling completed, rig moving to Ananke-1 between Wheatstone and Maxwell prospect.
  
  Data from Banambu Deep-1 is being incorporated into Cue’s significant North West Shelf seismic database to firm up drilling candidates for next phase of exploration, with the Caterina prospect showing promise.

Development Projects

• Wortel gas fully onstream and delivering the daily contract quantity of 90 Billion BTU/day with very high reliability.
• Maari second stage development being progressed with appraisal drilling confirmed for first half 2013 subject to rig contract

Click here for full announcement

Please see more in the attached announcement. 

 

For further information, please contact: 

 

Cue Energy Resources Ltd

T: +61 3 9670 8668

E:

 

Media/investor enquiries:

 

Peter-John Lewis

Fortbridge 

E:

P: +61 2 9003 0481

M: +61 416 290 604 

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