I see BP drilling the Ironbark prospect and if successful, quickly drilling the suggested extension of the NE prospect in WA-409-P. BP have ‘options’ on the Ocean Apex and will use them on the NE extension if Ironbark is successful.
Drilling the NE extension will set up Ironbark as development ready as backfill gas into the NW Shelf LNG plants.
The next kicker for CUE will be the Bluegum prospect in WA-389-P. If Ironbark is successful, Bluegum is a 100% permit and will attract many partners for a permitted well in 2021.
Lots to look forward to in 2H/20. Attached is an extract of CUEs 2019 Good Oil Conf. presentation.
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