CUE 5.00% 10.5¢ cue energy resources limited

cash-2, page-5

  1. 8,926 Posts.
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    No worries Raiderup, I had a laugh.

    I found the following from Pex Oil and Gas Radar (free sample) dated 25-06-2010.
    It speculates about PTTEP's/CUE's upcoming Cash-2 well

    Item 1

    "1 PTTEP with semi-submersible rig inquiry out for 50-day appraisal
    Cash-2 in Timor Sea AC-RL-7 [also Cue 20%], retaining Maple/Cash wet gasfield [see also item 17]
    "


    Item 17, points 14 to 21

    "14.PTTEP also planning appraisal of Maple/Cash stranded wet gas discovery in AC-RL-7 [also Cue 20%]
    15.Cash-2, ~3km NE of Cash-1, first drilling on project since Cash-1 in 2002
    16.Junior partner Cue estimates Jurassic reservoir contains 0.7-3.1TCF recoverable gas, depending on trap fill
    17.Associated condensate yields estimated at between 11.9-
    54.7mil bbl
    18.Triassic reservoir contains up to 56BCF recoverable gas &
    9.5mil bbl condensate
    19.PTTEP assessing Maple/Cash field for floating LNG development,along with Oliver field in AC-P-33
    20.1st FLNG production, of ~1-1.5mil ton/year, pencilled in for 2014 at the earliest
    21.Songa Venus most likely rig option for Cash-2, but timing
    dependent on operators with existing contracts Shell & Total"


    http://www.pex.com.au/samples/ogr_sample2.pdf

    Wrt possibility of Songa Venus and well timing, the following rig schedule from SV shows 2 remaining options held by Shell, after MEO's slot for A#1

    http://www.songaoffshore.no/media/CSR_2Aug10.pdf

    CUE have the well slated for Q4 2010 in their latest Preso.
    If they were to get the SV after A#1, then that would put Cash-2 spud ~Jan 2010.

 
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