Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cue Energy Resources Limited

Cue Energy Resources Limited

A.B.N. 45 066 383 97
SE GOBE-12 Well Encounters Oil

The SE Gobe 12 development well has encountered a 25.8 metre net oil column in the Lower Iagifu sandstone reservoir, overlain by a 25.4 metre net gas column in the Upper Iagifu sandstone reservoir.

No hydrocarbon contacts were penetrated by the well. The well is currently being completed as an oil producer and a potential future gas injector.

SE Gobe 12 oil production is expected to begin in mid April 2006, at an estimated rate of 1500-2000 barrels of oil per day.

Participants in the SE GOBE unit are:
AGL Gas Developments (PNG) Pty Limited 27.35%
Oil Search (PNG) Limited 25.55% (Operator)
Southern Highlands Petroleum Co Ltd 23.69%
Barracuda Limited (Santos) 9.39%
Ampolex (Highlands) Limited 5.95%
Cue PNG Oil Company Pty Ltd 3.29%
Merlin Petroleum Company Limited 2.78%
Petroleum Resources Gobe Limited 2.00%

Robert J Coppin
Chief Executive Officer 22 March 2006

© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>