CUE 2.00% 9.8¢ cue energy resources limited

Ann: Investor Presentation March 20 2012 , page-6

  1. 981 Posts.
    Correct, however they would be targeting Banumbu Deep because they consider it the best prospect. At 1.5TCF compared to the 3.9 for TCF it suggests that Caterina may not have aimed up on the further seismics. CUE is not free carried for drilling the other prospects so at 30% cost per drill the COS would have to be reasonable and not to mention the same consideration for Woodside. They wouldn't be drilling anything they would not consider a decent prospect.
 
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