Interest building in CUE

It is not big at the moment but interest is definately building in CUE ahead of announcements expected any day now on the spudding of Bilip1. This well in PNG sits between SE Gobe and Saunders discovery and on the same trend. CUE has an 11% interest ie. three times what it has in SE Gobe. Would be a company maker for Cue if it comes in and must be rated a chance. Santos is operator. Cue is looking much healthier this year under new management and one director, an experienced oiler, E Albers has increased his holding from 4 million to 48 million shares during the course of ths year, now that's confidence for you. Cue should benefit from higher oil prices from SE Gobe given that it is unhedged so expect a good quarterly cash flow report, particularly after the success of the sidestracks.
Funding of Oyong development remains to be disclosed but last I heard it was most likely to be project financed so no call on shareholders. And then there is Wortel to be drilled in the Sampang PSC in December. I hold Cue and would be buying more if I had the ready....JBC