WA-359-P and WA-409-P Carnarvon Basin ?Western Australia
There should be good news pending on the 3D seismic survey which began in late November 2010 and was conducted by Apache Northwest Pty Ltd
According to the Cue bulletin this process should take 3 months. The time period has elapsed. We will wait patiently for the results
Hopefully Apache identified new drilling prospects.
Regarding WA-389-P in the Carnarvon Basin ?Western Australia - acquisition of the Movida 3D seismic survey began in February 2011 and reprocessing of the Banambu 3D seismic survey has been in progress for at least one month
In regards to the Artemis prospect which gave a negative result from the drilling of the well a few months back - all is quiet on the "Western Front". If, after appraisal of the results the operator wanted to drill another well, this would also add momentum to the share price of CUE. I am sure in their wisdom the board would not participate in the cost of the well. f there was a discovery, appropriate compensation would be allocated to the other partners
CUE Price at posting:
32.5¢ Sentiment: LT Buy Disclosure: Held
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