CUE cue energy resources limited

wortel to go into production end of this month

  1. 13,198 Posts.
    lightbulb Created with Sketch. 1622
    One of Australia’s leading gas producers, Santos, is expected to commence gas production from its Wortel project offshore Indonesia by month’s end, reported Reuters today, quoting Indonesian upstream oil and gas regulator BP Migas.

    Santos’ gas field field is situated 7 km west of the Santos-operated Oyong oil and gas field, offshore Madura Island in the Sampang PSC, East Java, Indonesia.

    Wortel, on which Santos and partners reportedly spent US$100 million gross, is tied via a 10-kilometre gas pipeline to the existing Oyong well-head platform. Produced gas from the field flow through the existing 60-kilometre pipeline to the onshore gas processing facility at Grati for processing and onward sale.

    Reuters said that 60 per cent of Wortel gas would be sold to PT Indonesia Power under an agreement signed late November 2010.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
11.5¢
Change
0.000(0.00%)
Mkt cap ! $80.47M
Open High Low Value Volume
11.5¢ 11.5¢ 11.5¢ $20.11K 174.9K

Buyers (Bids)

No. Vol. Price($)
14 570030 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 473399 8
View Market Depth
Last trade - 11.30am 17/09/2025 (20 minute delay) ?
CUE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.