Cue Energy Resources Limited provides the following update on the Banambu Deep-1 exploration well in permit WA-389-P offshore Carnarvon Basin, Western Australia.

The operator has advised that the current operation at 06:00hrs 20th June 2012 is pulling out of hole with the drilling assembly. Since the last report the 311mm (12 ¼') hole was drilled from 2573mMD to 3833mMD before the drill bit and bottom hole assembly was pulled and changed out. The blow out preventer was then tested prior to running back into hole to drill to the current depth of 4134.4mMD.

Tags: Cue Energy