New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that further development of the PB oil production field in the Mahato PSC, has been approved by SKKMigas, the Indonesian regulator. 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.
The S&P/NZX 50 Index closed at 11,790.92, up 14.18 points or 0.12%.
US private equity giant says NZ key market for growth.
The index was down 6.9%.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details