A.B.N. 45 066 383 971 5 March 2013 PAGES (including this page):19 CUE ENERGY OVERVIEW Cue is an Australian based oil & gas Company Announcements Office company with projects in Australia, 10th Floor New Zealand, Indonesia and…
CUE ENERGY RESOURCES LIMITED INVESTOR PRESENTATION ANDREW A. YOUNG (Executive Director / Interim CEO) EXCELLENCE IN OIL & GAS CONFERENCE SYDNEY, 5 MARCH 2013
CONTENTS AT A GLANCE ... 3 FINANCIAL SNAPSHOT.. 4 STRATEGY. 5-6 BOARD AND MANAGEMENT. 7 ASSET LOCATION MAP.. 8 ASSET REVIEW. 9 - 15 ACTIVITY TIMING.... 16 SUMMARY.. 17 DISCLAIMER & IMPORTANT NOTICE Various statements in this…
AT A GLANCE COMPANY SNAPSHOT SHARE PRICE PERFORMANCE Market Capitalisation A0.13 A91 million Inconclusive news 29 March 2011 on Mahakam Hilir CUE signs binding contract Ordinary Shares 698,119,720 for sale of ACRL7 1 February 2012…
FINANCIAL SNAPSHOT STRONG FUNDAMENTALS HALF-YEAR 2013 RESULTS PROFIT OVERVIEW Half Year Performance Sales for last 6mths 0.52m BOEs Average oil price excess of A108/Bbl Significant increase in HY sales of 42% BOE Production for…
CUE STRATEGY FOCUS ON EXISTING ASSETS Maximise value of current development Evaluate Contingent Resources Move to Reserves Monetise REVIEW EXPLORATION PORTFOLIO Optimise Take a meaningful working interest Workup…
STRATEGIC FOCUS : ADDING RESERVES OIL RESERVES AND RESOURCES GAS RESERVES AND RESOURCES TOTAL: CONVERTING CUES RESOURCES TO RESERVES PRODUCTION FORECAST & POTENTIAL GROWTH Adding new exploration areas Exploration…
BOARD AND MANAGEMENT Geoffrey King Andrew Young Non-Executive Chairman Executive Director / Interim CEO 35+ years experience in oil & gas 35+ years experience in oil & gas Appointed to CUE Board in 11/2011 Appointed to CUE Board in…
ASSET LOCATION MAP INDONESIA INDONESIA Offshore Madura Island Kutei Basin SAMPANG PSC MAHAKAM HILIR PSC NAGA UTARA JERUK CUE 40% PAPUA NEW CUE 8% GUINEA OYONG Other prospects PRL14 BILIP, CUE 15% Cue 40% COBRA, IEHI CUE…
PORTFOLIO - EXISTING FOCUS AREAS Exploration Appraisal Development Production WHIO MANAIA 2 MAARI GROWTH MAARI NEW PEP51313 ZEALAND PEP54865 MAARI SOUTH PEP51149 JERUK OYONG MAHAKAM HILIR INDONESIA EXPLORATION NAGA UTARA…
NEW ZEALAND - Taranaki Maari: Production & Expansion CURRENT DEVELOPMENT PROJECTS WHIO EXPLORATION WELL (PEP 51313) PMP 38160 MAARI - MOKI RESERVOIR (OFFSHORE NEW ZEALAND) Drilling late 2013 Existing: 5 producers, 3 water injectors Cue…
NEW ZEALAND - Taranaki: Exploration PEP 54865 PEP 51313 (OFFSHORE NEW ZEALAND) (OFFSHORE NEW ZEALAND) EXPLORATION EXPLORATION CUE 20% Todd 80% (Op) CUE 14% Todd 35% OMV 30% (Op) Horizon 21% Seismic section showing Pukeko and Te…
INDONESIA - Sampang: Production & Appraisal SAMPANG PSC CUE 5% SPC 40% SANTOS 45% (Op) JERUK (appraisal) OYONG & WORTEL (production) Jeruk Field discovered 2003, Gross production from PSC: Appraised by wells in 2004 and 2006…
INDONESIA - Mahakam Hilir: Appraisal & Exploration NAGA UTARA APPRAISAL Naga Utara is a high pressure gas and associated oil discovery Second well planned for Q3 2013 - will appraise existing reservoirs and explore deeper targets…
PNG - Production, Appraisal & Exploration PDL 3 CUE 5.569% OIL SEARCH 36.36% (Op) Contains part of SE Gobe Unit (Cue interest 3.286%) SE Gobe has produced over 42 MMbbl oil (gross) since 1998 SE Gobe gas facilities already in…
AUSTRALIA - Carnarvon: Exploration WA-409-P potential for large gas discoveries adjacent to existing LNG developments CUE 30% Exoil 30% APACHE 40% (Op) Currently in Year 5, renewal 1H 2014 Major lead, Brigadier updip, Late Jurassic…
ACTIVITY TIMING - Exploration & Appraisal 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Permit Te Kiri TE KIRI PEP 51149 Renewal North 3D 3 NEW ZEALAND Te Whatu WHIO WELL Permit PEP 51313 3D Renewal PEP 54865 Aihe…
SUMMARY Experienced Staff / Board Existing oil & gas production and STRONG stable positive cash flow FUNDAMENTALS Strong balance sheet, no debt Clear & focussed Strategy Naga Utara appraisal drilling Q3 2013 subject to final…
Level 21, 114 William Street, Melbourne VICTORIA AUSTRALIA 3000 P. (61) 3 9670 8668 F. (61) 3 9670 8661 E. mailcuenrg.com.au W. www.cuenrg.com.au
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