Louisiana Light • 2 days | 91.16 | -0.74 | -0.81% | |||
Bonny Light • 18 hours | 95.60 | -0.40 | -0.42% | |||
Opec Basket • 2 days | 95.01 | -0.81 | -0.85% | |||
Mars US • 2 hours | 88.73 | -0.10 | -0.11% | |||
Gasoline • 2 hours | 2.562 | -0.058 | -2.22% |
Bonny Light • 18 hours | 95.60 | -0.40 | -0.42% | |||
Girassol • 18 hours | 96.55 | -0.49 | -0.50% | |||
Opec Basket • 2 days | 95.01 | -0.81 | -0.85% |
Peace Sour • 17 hours | 84.13 | -0.03 | -0.04% | |||
Light Sour Blend • 17 hours | 84.63 | -0.03 | -0.04% | |||
Syncrude Sweet Premium • 17 hours | 93.23 | -0.03 | -0.03% | |||
Central Alberta • 17 hours | 84.13 | -0.03 | -0.04% |
Eagle Ford • 2 days | 86.11 | -0.65 | -0.75% | |||
Oklahoma Sweet • 2 days | 86.00 | -0.75 | -0.86% | |||
Kansas Common • 2 days | 80.00 | -0.50 | -0.62% | |||
Buena Vista • 3 days | 95.23 | -0.92 | -0.96% |
Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of
Read more +Cue energy has just released good news regarding permits for projects in New Zealand
Read more +MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.
Read more +Oilprice.com Editors
Naga Utara-1 Well, Mahakam Hilir PSC, Indonesia
Cue Energy Resources Ltd (ASX: CUE; NZX: CUE) is pleased to provide the following update on the drilling status of Naga Utara-1. The well is located within the Mahakam Hilir PSC in the onshore Kutei Basin, Indonesia. The well operator is SPC Mahakam Hilir PTE Ltd (SPC).
As of the 9th March 2012 the sidetrack has been drilled in a 6 inch hole to 5066 feet measured depth (MD).
The high pressure gas zone seen in the original hole was again encountered from 4825 feet MD to 4880 feet MD. An additional gas bearing sandstone was encountered between 4975 feet MD to 5040 feet MD.
Due to high pressure gas influx from the lower sandstone interval and the rig equipment pressure rating now being close to the formation pressure encountered, the operator has decided to call total depth of the well (TD). The interval will be evaluated with wire-line logs.
The forward plan is to design an appraisal well to be drilled with appropriate high-pressure rig equipment.
The participants and their respective interests in the PSC are:
SPC Mahakam Hilir Pte Ltd (Operator) 60%
Cue Mahakam Hilir Pty Ltd 40%
Cue will continue to release reports
The full release can be found in the above pdf.
Sol Systems Announces Success of its New Solar Financing Community
Cue Energy to Evaluate Results from Indonesian Well
Challenger Encouraged by Thickness of Barnett Shale at Mercury Stetson
Cue Releases Drilling Update on Indonesian Property
Sampang PSC, Indonesia Development Update
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com