JV partner Cue Energy has announced that Texcal, the operator of the Mahato PSC in Indonesia, is planning to drill the BA-01 exploration well. The primary target is the Miocene-age Telisa Formation sandstone reservoir at a depth of 900ft. A secondary target is the Menggala Formation, expected at approx. 2500ft. Both targets are producing reservoirs in the Central Sumatra Basin.
Cue Energy Resources (ASX:CUE) and its partners are preparing to drill the BA-01 exploration well in the Mahato production sharing contract (PSC) in Indonesia.