Cue Energy Resources Limited (ASX: CUE) had announced that its wholly-owned subsidiary, Cue Mahato Pty Ltd, was informed about the development in the PB-2 well.
It was said that the operator of the Mahato PSC –Texcal Mahoto EP Ltd has notified that PB-2 well was drilled.
The company has not been receiving the information from the operator as prescribed under the agreement, and it is evaluating option to address the breaches under the agreement.
On 10 January 2020, CUE last traded at $0.155, up by 6.897% from the previous close.
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