Tuesday 6 November 2018

Cue Energy Resources Limited, through its 100% owned subsidiary Cue Sampang Pty Ltd, advises that the Paus Biru-1 exploration well in the Sampang PSC, Indonesia, reached TD of 710mMD at 2230hrs (local time) 3 November 2018. The planned TD was extended during drilling due to formation observations.

Elevated gas readings were encountered through the Primary target Mundu Formation. Following preliminary interpretation of the logging while drilling, a full suite of wireline logs including formation wireline testing, which obtains formation pressures and fluid samples, will be run to further assess the interval. Data obtained will help establish the fluid content, hydrocarbon columns and hydrocarbon saturation of possible reservoir intervals encountered, and to an extent, the permeability and producibility of these zones.