Dec 10 (Reuters) - New Zealand Oil And Gas Ltd NZO.NZ :
* UNIT ADVISES MOST RECENT CASH CALL FROM OPERATOR, TEXCAL MAHATO EP OF MAHATO EXPLORATION WELL HAD DEFICIENCIES, NOT SETTLED
* CUE SUBSEQUENTLY RECEIVED DEFAULT NOTICE FROM OPERATOR ON NON-PAYMENT OF CASH CALL
* CUE IS CURRENTLY NOT RECEIVING INFORMATION FROM OPERATOR AS REQUIRED UNDER JOINT OPERATING AGREEMENT
* CUE IS EVALUATING ALL AVAILABLE OPTIONS TO ADDRESS THIS & OTHER BREACHES BY OPERATOR