Release: Cue Energy: Oyong production update
Thursday, December 20 2007 - 05:20 AM WIB
(Dec 20, 2007)Cue is pleased to announce that Oyong oil production is continuing at stable average rate of approximately 8,500 barrels per day.
Cue has received a payment of US$3.5 million for its 37,500 barrels share of the first Oyong oil shipment and a further shipment of 300,000 barrels, Cue share 45,000 barrels, is expected around 23 December 2007.
The participants in Sampang PSC are: Santos (Sampang) Pty Ltd (Operator)45%, Singapore Petroleum Company Limited 40%, Cue Sampang Pty. Ltd. 15%. (end of release)