Release: Cue Energy reports Oyong-1 drilling progress

Cue Energy Resources Limited (Cue) advises that at 6am on 18 May 2001 the Oyong-1 well in the Sampang PSG offshore East Java, was at 667 metres after setting 13(3/8)" casing at 500 metres.

The well is programmed to a total depth of 2,271 metres with drilling expected to take 30 days on a dry hole basis. (*)