Cue Energy Resources Limited provided an update on the BA-01 exploration well in the Mahato PSC, Indonesia. The well was spud on the 28 July 2023 and reached a depth of 2800ft. Upon the completion of drilling, wireline logging was conducted, which identified four zones of interest in the Duri and Bekasap formations.

All four of these zones were tested and produced no hydrocarbons. Consequently, the decision was made to plug and abandon the BA-01 well and the rig has been demobilised. Cue has a 12.5% interest in the Mahato PSC.

New Zealand Oil & Gas has a 50.04% interest in Cue.