EXPLORATION

Cue acquires more NZ acreage

CUE Energy Resources has farmed into New Zealand company Todd Energy's exploration permit 38494 in the southern Taranaki Basin, offshore New Zealand.

Marija Stojkovic

Under the farm-in arrangement, Cue will earn 20% interest in the 5341 square kilometre block by funding 30% of the cost of drilling the first well, Matariki-1. Matariki-1 is a four-way dip closure with...

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