re: announcement gas column
Sydney - Tuesday - August 29: (RWE Aust Business News) - Cue Energy Resources (ASX:CUE) said the Wortel-1 near-field exploration well being drilled 7km west of the Oyong oil and gas field in the Sampang PSC, offshore Indonesia, has reached a total depth of 1464 metres and wire line logging is ongoing. Initial interpretation indicates a gross gas column of 141 metres in good quality reservoir, above a gas water contact at 1383 metres. The company said the discovery of gas at Wortel was encouraging. Cue expects that further comments on the significance of the discovery will be made once flow testing is completed.
CUE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
