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Mereenie developments well on their way

Mereenie-29 development well

Cue Energy Resources has advised that the West Mereenie-29 development well has been successfully drilled and completed over the target Pacoota 3 interval.

The well has been suspended pending tie-in to the Mereenie Production Station, scheduled for late January. West Mereenie-30, the second of the two development wells was spudded on 16 January 2025.

These wells are expected to return field production capacity back above 30 terajoules a day (TJ/d) (Gross).

Firm gas from the new wells may be sold into the recently executed Northern Territory Government Gas Sales Agreement, which can be expanded by up to 6 TJ/d (100 per cent joing venture) following successful completion of the wells.

Cue Energy has a 7.5 per cent interest in the Mereenie Joint Venture. The other participants are Echelon Mereenie (42.5 per cent), Horizon Australia Energy (25 per cent), Central Petroleum Mereenie (25 per cent).

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