- Drilling commenced on 5 December at the West Mereenie 29 (WM29) development well
- WM29 is the first of a two well development program, expected to take two to three months
- These wells aim to increase near term gas production rates from the existing Mereenie field
Cue Energy Resources Limited (ASX:CUE) is pleased to announce the commencement of drilling at the
West Mereenie 29 (WM29) development well, in the Mereenie gas field, Northern Territory, Australia.
WM-29 is the first well in a two-well development program, which is expected to take two to three months
to complete. The second well will be West Mereenie 30 (MW30).
These wells aim to increase near-term gas production rates from the existing Mereenie field, with up to
an additional 6TJ/d (100%) of incremental production able to be sold on a firm basis under the recently
executed NT Government Gas Sales Agreement.
