Hope they get a good result and then release the rig to...

Hope they get a good result and then release the rig to OXX

"Manaia-2/2A Progress Report # 10
Cue Energy Resources Ltd (Cue) advises that the Manaia-2/2A well reached total depth of
2891m MDRT on 4 November 2013. At 0600 hours local time on 8 November 2013 the operator
was conducting an open hole wireline logging operation. Since the previous report, an 8 ½” hole
was drilled through the Mangahewa Formation, the underlying Farewell Formation and
terminated in the North Cape Formation as planned.
Elevated gas readings and oil fluorescence were observed in the Mangahewa Formation. The
significance of these hydrocarbon shows will be evaluated by the current logging programme.
Manaia-2/2A is located in PMP 38160 in the offshore Taranaki Basin, New Zealand. The well is
operated by OMV New Zealand Ltd and is being drilled from the semi-submersible drilling rig
‘Kan Tan IV’. The well is located 1.25 km north of Maui-4 (which discovered the Manaia Field)
and 6 km to the southwest of the Maari Field well head platform (map attached).
Cue will provide weekly progress reports during the drill"