Greater Barikewa Field Survey Underway

Cue reports that the Greater Barikewa Field Survey over the Barikewa gas field in PRL-09 in Papua New Guinea is nearing completion.

The survey consists of seven geological traverses totaling 40Km and is designed to provide a better structural picture of the field and hence a narrower range of potential recoverable gas volumes.

Barikewa has been assessed, to date, to have the potential to contain around 800 billion cubic feet of recoverable gas, with Cue's share being approximately 120 billion cubic feet in a most likely case.

Barikewa is located immediately adjacent to the likely route of the proposed gas development pipeline.

Participants in PRL-09 are Santos as operator with 42.553%; OilSearch PNG with 42.553% and Cue PNG Oil Company with 14.894%.