From the Chairmans letter 2012 annual report
""In 2013, Cue will continue to explore for conventional oil and gas resources onshore Indonesia in the Mahakam Hilir permit. The Naga Utara high pressure gas discovery will be appraised via a well to be called Naga Merah-1. The well, which is to be drilled in the first quarter of 2013, will confirm the lateral extent of the high pressure gas sands encountered in Naga Utara -1, will explore for deeper sands within the existing Naga Utara structure and confirm via production testing the sustainable flowrate from the well. Once this well has been drilled and tested we are hopeful of being able to book substantial gas reserves and firm up further exploration drilling within the permit.""
Looking fwd to some news on preparation for this well in the Dec quarterly.
naga merah appraisal well, page-2
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