CUE 3.23% 15.0¢ cue energy resources limited

interesting comment in announcement

  1. 6,951 Posts.
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    I found the following part of the announcement . I did not realise the enormouse size of the potential in say one of the drill targets . If my sums are correct the size potential would be 20 + times the size of what they have found already in Indonesia.

    The prat of the announcement to which I refer is as follows :-
    "The Sampang PSC also contains a number of attractive undrilled
    prospects, one of which is assessed to have the potential to hold in
    excess of 2 trillion cubic feet of recoverable gas. Addition infill
    2D seismic was acquired over a number of prospects in 2002 and early
    2003. This data is currently being evaluated. Cue expects that the
    two most attractive prospects are likely to be drilled in third quarter 2003."

    This could be a far more powerful share once it gets going than possibly has so far been realised particularly as Santos seem to have some good drillers whoi hit gas and oil out there and do not seem to go in for many Dusters.Which is more than can be said for otherers who could be mentioned.
    Best wishes

    Best wishes
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