Not sure but I thought CUE where in this neck of the woods. Sold out of CUE so not following staock anymore.
Sydney - Thursday - June 20: (RWE) - Santos Ltd, as operator and
holder of a 75 per cent stake in the Madura Offshore PSC, south-east of
Madura Island, East Java, today announced a new gas discovery resulting
from the Maleo-1 wildcat exploration well.
Maleo-1, drilled on the flank of a large four-way dip structure,
encountered a 48-metre gross gas column between 555m and 603m in the
Early Pliocene Mundu Formation limestone.
The reservoir is well developed and net pay exceeds 95 per cent.
Santos rose 3c to $6.15.
Far CUE
Add CUE (ASX) to my watchlist
