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CUE, CUE ENERGY RESOURCES LIMITED
Brierley
post Posted: Mar 29 2012, 10:24 AM
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In Reply To: mercury's post @ Mar 27 2012, 02:47 PM

Ive bought on the dip after this weeks disappointing well result and ahead of further drilling.

According to CUE's latest presentation, 23-03-12, the deeper zones of the soon to spud Naga Selatan well were high graded by the presence of hydrocarbons in the Naga Utara well.

At this stage, failure to conduct a successful DST at the deeper section of Naga Utara was mainly due to technical downhole problems.

Other drilling news in Q2 that should be sp supportive is the Woodside funded well scheduled to spud in June.

In CUE's permits WA359-409, Apache are due to make a decision in Q2 whether or not to drill a well, CUE free carried.
CUE's 23-03-12 presentation has a contingent well spud in WA359-409 scheduled for Q3 2012.


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mercury
post Posted: Mar 27 2012, 02:47 PM
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In Reply To: mercury's post @ Mar 27 2012, 02:21 PM

Something i am hoping is that some of MEO's SP movement may rub off on CUE
Merc

 
mercury
post Posted: Mar 27 2012, 02:21 PM
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In Reply To: blowout preventer's post @ Mar 27 2012, 10:16 AM

The wording seems in complete contrast to the wording of previous ann.
I cannot understand that the gas was so slight , when all along they said they could barely contain the pressure as it was approaching the top threshold the drill could contain.
something very wrong here.
Is this management bull---t?

Don't like it at all.

Merc

 
blowout prevente...
post Posted: Mar 27 2012, 10:16 AM
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CUE has not spelt it out . The lower section of the hole high pressure collapsed under test in 6 inch hole . The process has stalled , and it will take a new well to do the job . The rig is not suitable to do the job it appears . We need more information

 
mercury
post Posted: Mar 27 2012, 10:03 AM
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In Reply To: blowout preventer's post @ Mar 17 2012, 07:32 AM

what a letdown?
Merc

 
blowout prevente...
post Posted: Mar 17 2012, 07:32 AM
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Update yesterday ASX . Well to be flow tested , and log test and sample to be analysed . Next week may see very significant result , and the March of the cue north.

 


mercury
post Posted: Mar 14 2012, 07:34 PM
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When they had to pull the drill because it could not stand more pressure....either they had a weak drill...or there is some pressure there.

question is......does that pressure mean that the gas will stay flowing? Wish I knew.
But does sound positive for now.
All the best for holders.

Merc


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JessicaWabbit
post Posted: Feb 18 2012, 06:39 AM
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In Reply To: jadco55's post @ Feb 17 2012, 02:20 PM

You wont know until they confirm more details but they have advised the gas structure is high pressure and 107ft . A 5-8 metre flare is exactly what we want to see.

They still have not finished the hole so they may still find more before the reach TD of 5500ft, better still they might find some oil? The exisitng producing oil well next to this one has some oil in it. Go have a close look at the map they have shown on previous announcements about this well.

More importantly, go have a close look at the next well in Indonesia because it is targeting oil and that was identified by the same people who identified the first gas well.

However, the big bucks will come from the Caterina drill in WA in the second quarter of 2012. Cue has a 35% free carry and Woodside Petroleum is the operator and its a massive target of gas.

Bring on 2012.

JW


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jadco55
post Posted: Feb 17 2012, 02:20 PM
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From today's announcement:


As of 16th February 2012 the well is at 4887 ft MD. While plugging the high-pressure gas zone between 4780 ft MD and the current total depth, the well flowed gas, resulting in 5 to 8 metre flares over seven days. A cement plug was set between TD and 4230 ft MD.





Can anyone throw light on the 5 to 8m flares? How much gas is there?





 
mme
post Posted: Feb 9 2012, 09:08 AM
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In Reply To: blowout preventer's post @ Feb 8 2012, 11:38 PM

Loving it as that divvy involving the sale of OXX'S share in CUE for OXX shareholders is looking better everyday!! Holding via OXXCB. biggrin.gif

 
 


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