- Release Date: 05/07/13 11:57
- Summary: MINE: CUE: Increased Interest in WA-389-P
- Price Sensitive: No
- Download Document 1.27KB
CUE 05/07/2013 09:57 MINE REL: 0957 HRS Cue Energy Resources Limited MINE: CUE: Increased Interest in WA-389-P RELEASE (ASX: CUE; NZX: CUE; POMSOX: CUE; ADR/OTC: CUEYY) Increased Interest in WA-389-P Cue Energy Resources is pleased to announce that subject to the necessary regulatory approvals, it has agreed to increase its interest from 35% to 40% in WA-389-P in the Carnarvon Basin, Western Australia. Cue has increased its participating interest as it sees significant remaining hydrocarbon potential in WA-389-P. The permit is already substantially covered by 3D seismic which will underpin continuing exploration of the block. BHP Billiton (Australia) Pty Ltd has also agreed to increase its interest to 60% in the permit and assume operatorship, subject also to the necessary regulatory approvals. An application to renew WA-389-P will be submitted to NOPTA prior to the end of July this year. Participants in WA-389-P following renewal of the licence will be:- Cue Exploration Pty Ltd 40% BHP Billiton (Australia) Pty Ltd (operator) 60% Any queries regarding the announcement should be directed to the company on (03) 9670 8668 or email [email protected]. David Biggs Chief Executive Officer 5 July 2013 End CA:00238251 For:CUE Type:MINE Time:2013-07-05 09:57:18
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