Australia's Cue Energy rises on strong oil production in Indonesia project

Cue Energy Resources

13/12/2021 03:49

** Shares of Cue Energy Resources  CUE.AX  rise as much as
4.6% to A$0.069, mark their highest intraday pct gain since Oct
26
    ** The oil and gas firm says its oil well, PB-07, in the
Mahato PSC, Indonesia has been successfully drilled and
completed  urn:newsml:reuters.com:*:nASXbcj8gm
    ** Says PB-07 oil well now produces ~650 barrels of oil
every day 
    ** Shares hit their highest since Nov 15
    ** More than 255,800 shares change hands, compared with the
30-day average volume of ~189,900 shares 
    ** Stock down 26.7% this year, as of last close

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))