Cue Energy Spuds Indonesian Oil, Gas Well

Cue Energy Resources has announced the spudding of Naga Selatan-2 (NS-2) oil and gas well in Indonesia.

The well is an onshore exploration well, located within the Mahakam Hilir PSC in the Kutai Basin, East Kalimantan, Indonesia. The well is being drilled to a depth of 2240 feet and is scheduled to take 15 days.

The NS-2 well has been designed to test the Naga Selatan-2 Prospect on the proven Pelarang Anticline, which is an elongated, 100 km long, NNE-SSW structure containing existing oil and gas fields
The NS-2 well will test the Mentawir Formation and the underlying Upper Pulau Balang Formation.

The Mahakam Hilir PSC is operated by Cue Kalimantan Pte Ltd.