Cue Energy Resources has provided an update that MN1 oil production well in the Maari/Manaia field, located offshore New Zealand, has successfully been repaired. The well is now operational again, with the latest test data indicating production of approximately 800 barrels of oil per day. Cue has a 5% interest in Petroleum Mining Permit (PMP) 38160 which contains the Maari and Manaia producing oilfields, and is located in the Taranaki Basin, New Zealand.

New Zealand Oil & Gas has a 50.04% interest in Cue. MN-1 production well repaired and producing 800 barrels of oil per day (bopd) Field gross production now over 5,000 bopd. Production optimisation projects in the field ongoing.

Cue Energy Limited announced the successful repair of the MN1 oil production well in The Maari/Manaiafield, located offshore New Zealand. The well is now operational once operational again, with the latest testing data indicating production of approximately 800 meters of oil per day (bOPd). Cue holds a 5% interest in Petroleum mining Permit (PMP)38160 which contains the Maari & Manaia producing oilfields, and is located in theTaranaki Basin, approximately 80 km offshore New Zealand.

Field gross production is now over 5,000 bOPd. MN1 has been offline since May 2022, for installation of a new Electric Submersible Pump (ESP).