BP to operate Ironbark well offshore Western Australia

Cue Energy has executed an exploration agreement for the WA-359-P permit offshore Western Australia.

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Offshore staff

MELBOURNE, AustraliaCue Energy has executed an exploration agreement for the WA-359-P permit offshore Western Australia.

Subject to certain conditions the company,BP, Beach Energy, and New Zealand Oil & Gas will form a joint venture in 2Q 2019 to drill the Ironbark-1 well, with BP acting as operator.

Cue currently holds 100% equity in the permit.

The company estimates potential gas resources from the Ironbark prospect at 15 tcf.

10/29/2018

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