Australia-listed Cue said on Friday that the Manaia-2 appraisal well was preparing to drill ahead in the offshore Taranaki basin at a depth of 754 metres.

The probe is being drilled by the Frigstad Offshore-managed semi-submersible Kan Tan IV on PMP 38160. It was spudded at the start of September and was expected to reach its target depth of 2860 metres within 30 days.

However,