- Drilling and testing of the PC-01 exploration well have concluded
- Testing of the Bekasap formation did not yield hydrocarbons
- The decision was made to plug and abandon the PC-01 well
Cue Energy Limited (ASX: CUE) provides an update on the PC-01 exploration well in the Mahato PSC, Indonesia.
The well was spud on the 4 November 2024 and drilled to a depth of 5,800 feet. Following the
completion of drilling, wireline logging identified zones of interest within the Bekasap formation, however
subsequent testing did not produce hydrocarbons.
As a result, the decision was made to plug and abandon the PC-01 well
