CUE 4.55% 10.5¢ cue energy resources limited

m2a production

  1. 961 Posts.
    Spoke to Bob Coppins

    The platform now has 6 wells.
    5 into Moki which have been producing for some time
    and 1 into M2A

    2 of the wells into Moki are being "worked over"
    that is
    the electric submersible pumps are being replaced.
    This should be completed within 2-3 weeks

    They have sampled the oil from M2A
    They just have received approval to mingle this oil with the oil from Moki. This saves the logistical effort of pumping them into seperate tanks.

    M2A has just come back on line yesterday/today.
    No thorough flow tests have been done yet.

    Bob indicated that they are more interested in releasing the COMBINED FLOW RATES OF THE 6 WELLS.
    imo- this is responsible reporting as this is the most important indicator going forward.

    SO ... we will probably have to wait a few weeks for further information.

    all good
 
watchlist Created with Sketch. Add CUE (ASX) to my watchlist
(20min delay)
Last
10.5¢
Change
-0.005(4.55%)
Mkt cap ! $73.32M
Open High Low Value Volume
11.0¢ 11.0¢ 10.5¢ $8.603K 79.97K

Buyers (Bids)

No. Vol. Price($)
4 177731 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 759708 14
View Market Depth
Last trade - 15.45pm 10/07/2024 (20 minute delay) ?
CUE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.