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Mahato

Introduction

The 5,600-square kilometre Mahato PSC is located in the Central Sumatra basin close to several producing oil fields.

The Mahato PSC covers a highly prospective area, close to several large producing oil fields. Multiple appraisal and exploration opportunities have been mapped.

2. PERMIT SHAREHOLDERS

Joint Venture Parties.

Cue Mahato Pty Ltd *subject to government approval :11.25%
Texcal Mahato EP Ltd:88.75%

Mahato PSC

Future Activities

Latest News

Mahato Psc Update – Approval Of New Oil Development Wells

Posted on 18/06/2024

Mahato

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that further development of the PB oil production field in the Mahato PSC, has been approved by SKKMigas, the Indonesian regulator.

BA-01 Exploration Well: Rig onsite and preparing for drilling within a week

Posted on 27/07/2023

Mahato

Cue Energy

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE) is pleased to announce rig mobilisation for the high impact exploration well BA-01 within the Mahato PSC (Production Sharing Contract) is more than 80% complete and the well is expected to spud within a week.

Mahato PSC Update – PB - 19 Production Well Online

Posted on 19/12/2022

Mahato

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an updatethat oil production well PB-19 in the Mahato Production Sharing Contract (PSC), Indonesia, hasbeen successfully drilled and completed and is producing approximately 800 barrels of oil perday (bopd).

Mahato PSC Update – Reserves Upgrade And Company Reserves As At 1 January 2022

Posted on 29/03/2022

Mahato

Cue Energy

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has undertaken a review of the reserves and recoverable volumes in the Mahato PSC as of 1 January 2022. This is followingthe successfully drilling of 8 production wells (PB-1 to PB-8) in 2021 with the field currently producing at approximately 5,500 barrels of oil per day (bopd).