BP bags further Ironbark extension

Cue Energy has extended BP’s 42.5 per cent option over the WA-359-P permit until 25 April 2018, with a further six month extension available.

WA-359-P contains the potentially huge Ironbark prospect, estimated to contain 15 Tcf of recoverable gas resource.

“The extension of the option with BP and the recent announcement of the farmout agreement with Beach Energy shows the degree of continuing interest that two major companies have in the Ironbark prospect,” said Cue CEO Matthew Boyall.

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