CUE 0.00% 10.0¢ cue energy resources limited

bhp farms into wa389

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    Interesting development



    Cue Energy Resources Ltd is pleased to advise that Woodside, the WA-389-P operator, has completed a farmin
    agreement with BHP Billiton Petroleum (Australia) Pty Ltd (BHP Billiton). Under the terms of the agreement
    BHP Billiton will acquire a 40% participating interest in the WA-389-P permit (subject to Cue not exercising its
    pre-emptive rights and regulatory approvals). As part of the farm-in arrangements BHP Billiton will pay up to a
    capped amount for 100% of the drilling of the Banambu Deep prospect
 
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