Cue Energy Resources Limited (CUE) provides the following update on the Te Kiri North-1 well in permit PEP 51149, onshore Taranaki Basin, New Zealand. The well is operated by Todd Energy Limited.
The operator has advised that the well has reached total depth of 4629 mMDRT (Measured Depth) as at 19 January 2016 within the Turi Formation. The deviated well, which was designed to test Miocene and Eocene objectives, was drilled successfully with no HSE or drilling issues. The completion of the Te Kiri North-1 well fulfils all of Cue's remaining obligations in the permit.