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SANTOS, CUE FIND NEW GAS DEPOSIT OFF EAST JAVA.
SYDNEY, June 1 Asia Pulse - A new gas deposit has been struck of the coast of East Java.
Santos Ltd's subsidiary Santos (Sampang) Pty Ltd (ASX: STO) and Cue Energy Resources Ltd (ASX: CUE) said today hydrocarbons were indicated at the offshore Oyong-1 well off East Java.
Santos Sampang, which operates the Sampang Production Sharing Contract, said logging has indicated a 110 metres gross column of gas with a possible 22 metres gross column of oil at a depth of 813 metres.
The companies said the wire line ...
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Source: HighBeam Research, SANTOS, CUE FIND NEW GAS DEPOSIT OFF EAST JAVA.