Cue Energy Resources (CUE) says that its wholly owned subsidiary Cue Kalimantan Pte Ltd., the operator of the Mahakam Hilir Production Sharing Contract (PSC), has contracted a rig for the drilling of the forthcoming Naga Selatan-2 well in Indonesia. Cue holds a 100 percent interest in the Mahakam Hilir PSC which is located onshore in the Kutai Basin, Indonesia.

Naga Selatan-2

Naga Selatan-2 is a vertical exploration well to be drilled in the Mahakam Hilir PSC on the Pelarang anticline situated approximately 1.6 miles (2.6 kilometers) southeast of Naga Selatan-1. The Pelarang anticline lies approximately 6.2 miles (10 kilometers) west of the Sanga Sanga Anticline, which contains the prolific Mutiara, Pamaguan and Louise (Sanga Sanga) Fields.

Tags: Cue Energy