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A 4 year extension to the exploration phase of the Mahakam Hilir PSC was received in May 2016. The extension includes 2 contingent wells in the first 2 years, which Cue can elect to drill or withdraw from the PSC.
Planning for the Naga Utara-4 well is currently underway. Cue is in discussions with the Indonesian regulator for an extension to the permit term to allow the drilling of the well.
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