MAHATO PSC UPDATE – PB-17 PRODUCTION WELL ONLINE AUGUST 12
GENERAL
Fri, Aug 12 2022 03:01 pm
12 August 2022
MAHATO PSC UPDATE – PB-17 PRODUCTION WELL ONLINE
New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-17 in the Mahato Production Sharing Contract (PSC), Indonesia, is producing approximately 800 barrels of oil per day (bopd) after successful drilling and completion.
The update release is attached.
Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.
Announcement PDF
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