2 ASX energy shares going gangbusters on today's earnings results fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Cue Energy (ASX:CUE) is capitalising on its existing portfolio of strong cash flow-generating assets across the Asia Pacific, which it believes offers tremendous production upside and exploration potential.
JV partner Cue Energy has announced that Texcal, the operator of the Mahato PSC in Indonesia, is planning to drill the BA-01 exploration well. The primary target is the Miocene-age Telisa Formation sandstone reservoir at a depth of 900ft. A secondary target is the Menggala Formation, expected at approx. 2500ft. Both targets are producing reservoirs in the Central Sumatra Basin.