Release: Cue Energy: Dukuh -1 being plugged and abandoned

Thursday, May 18 2006 - 10:28 AM WIB

May 18, 2006 ? The Dukuh -1 exploration well in the Sampang Production Sharing Contract area, offshore East Java, Indonesia is being plugged and abandoned after failing to encounter significant hydrocarbons.

The well tested a four way dip closure 10 kilometres south of the Jeruk oil discovery.

The Ocean Sovereign jackup drilling rig will now move to the Herbras -1 exploration well in the eastern portion of the PSC area.

Participants in the Sampang PSC are:
Santos (Sampang) Pty Ltd 40.5%(Operator)
Singapore Petroleum Sampang Ltd 36%
Cue Sampang Pty Ltd 13.5%
PT Petrogas Oyong Jatim* 10%

*Subject to finalization.

Source: Cue Energy Resources Limited

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