The Australian company said the Ironbark prospect is a Mungaroo formation prospect with multiple objectives, and straddles Blocks WA-359-P and WA-409-P, both of which are owned 100% by Cue.
Ironbark is the primary candidate for drilling, and Cue has applied to the National Offshore Petroleum Titles Authority to have its year-three well commitment suspended to allow more time to mature the prospect and plan for drilling, said the Melbourne-based company.
