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Mahato Psc Update – Pb-07 Production Well Online

Posted on 14/12/2021

Mahato

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-07 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing approximately 650 barrels of oil per day (bopd).

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-07 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing approximately 650 barrels of oil per day (bopd).

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.

Documents

595-13122021-Mahato-NZO-Release.pdf