JV partner Cue Energy Resources, through its 100% owned subsidiary Cue Sampang, has provided information that Drill Stem Testing (DST) of the Paus Biru-1 exploration well, as announced on 13 November 2018, has been completed. Preliminary results have been received and Cue is seeking confirmation and approval from the PSC Operator and Indonesian Government for release. The well is currently being plugged and abandoned as planned.
Cue will update the market when further information is available in coming days.
The Participants in the Sampang PSC are: Santos (Sampang) (An Ophir Energy Group company) 45% (Operator); Singapore Petroleum Sampang 40%; Cue Sampang 15%.