Cue Energy: Mahato PSC operations update
Friday, January 10 2020 - 10:22 PM WIB
Cue Energy Resources Limited (the Company) advises that though its 100% subsidiary, Cue Mahato Pty Ltd (Cue), it has been informed by the Operator of the Mahato PSC, Texcal Mahato EP Ltd, that the PB-2 well has been drilled.
Cue is not receiving information from the Operator as required under the Joint Operating Agreement and is evaluating all available options to address this and other breaches under this agreement.
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The Company will keep the market informed of any material developments on this matter, subject to any Indonesian regulatory requirements. (ends)