Cue Energy Extends BP's Option to Farm into Ironbark Well

Source: www.gulfoilandgas.com 10/4/2017, Location: Not categorized

Cue Energy Resources Ltd advises that the equity option over exploration permit WA-359-P granted to BP Developments Australia Pty Ltd (BP), as announced on the 13th October 2016 and due to expire on the 25th October 2017, has been extended until the 11th December 2017. If BP exercise the option over WA-359-P, 50% of the Ironbark well cost will be funded.

Cue is seeking to secure a partner or partners to join themselves and BP in WA-359-P to drill an exploration well in 2018 to test the Ironbark prospect.

Ironbark Prospect

The Ironbark prospect is a giant Mungaroo Formation prospect that is mapped with an area of up to 400km2 with a best technical estimate of 15 Trillion cubic feet (Tcf) of prospective recoverable gas resource1 based on an internal technical assessment performed by Cue.

Wood Mackenzie estimates that the North West Shelf LNG plant and infrastructure will have spare capacity from 2021.The Ironbark prospect is less than 50km from the North Rankin platform (North West Shelf LNG) and in close proximity to Pluto and Wheatstone LNG infrastructure, providing cost effective commercialisation options.


Trinidad and Tobago >>  11/5/2024 - Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX, LSE: TXP) announces that Primera Oil and Gas Limited ("POGL"), our whol...
Namibia >>  11/4/2024 -  · Tamboti-1X exploration well - 1bn bbl target1 - spudded 20th October 2024
· Additional 3D seismic acquisition programs in 20...


Colombia >>  10/31/2024 - Ecopetrol S.A. announces that the Santa Marta Tribunal (the "Tribunal") issued a favorable decision regarding an appeal against the claim (acción de t...
Gabon >>  10/31/2024 - BW Energy is pleased to announce its signing of production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin (formerly ...

Kazakhstan >>  10/31/2024 - Askhat Khasenov, Chairman of the Board of KazMunayGas NC JSC (KMG), met with Nail Maganov, CEO of Tatneft JSC.

During the meeting, preparat...

Zimbabwe >>  10/31/2024 - QUARTERLY HIGHLIGHTS

Operational
• Eight high potential prospects defined in eastern Cabora Bassa totalling 2.9 Tcf gas and 184 MMbbl c...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.