A.B.N. 45 066 383 971 14 November 2013 PAGES (including this page):17 CUE ENERGY OVERVIEW Cue is an Australian based oil & Company Announcements Office gas company with activities in 10th Floor Australia, New Zealand, Indonesia 20…
A.B.N. 45 066 383 971 RELEASE (ASX: CUE; NZX: CUE; POMSOX: CUE; ADR/OTC: CUEYY) Cue Annual General Meeting of Shareholders 10.00am, 14 November 2013 Melbourne Australia Chairmans Address Good morning ladies and gentlemen.…
Sadly, we also lost from the Board Steven Koroknay who died suddenly during June 2013. Steves death at a relatively young age deprives us of his friendship and wise counsel on the Board. Steve was a well-known and respected figure in the…
Share Price The board and management of Cue has given considerable thought to the unjustifiably low share price of Cue, which in no way represents the underlying value of the Company. While our primary focus as a Board is to implement…
In all, we expect that at least three, and up to six exploration and appraisal wells, will be drilled over the next 12 months in Indonesia and New Zealand. In addition five wells will be drilled to support Maari development activities.…
CUE ENERGY RESOURCES LIMITED (ASX: CUE) Annual General Meeting 14th November 2013
FY13 Financials Revenue of 49.8m, up 21% Annual production up 22% to 930,000 boe Net Profit after Tax up 12.5% to 6.4m 54.6M cash on hand at 31 October 2013 Zero debt 2
Clear Growth Strategy Current Position Future position 5mmboe reserve adds by end Maari growth projects drive 2018 (140% reserve short term reserves addition replacement) Growth Considerable drilling activity in Strategy 3-5…
Core Regional Focus Australia Onshore: Proven Plays Existing infrastructure with quick commercialisation NZ Onshore/Offshore Existing presence and good regional knowledge Strong relationships with established partners Asia…
Near Term Activity Eight well minimum and 11 well potential over the next 12 months in Indonesia and NZ Fully funded 2013/2014 drilling program Whio -1 carried by OMV 2013 2014 Q3 Q4 Q1 Q2 Q3 Q4 New Zealand Maari growth…
New Zealand: Maari Growth Manaia-2 well at target depth and logging/testing Ensco 107 jack up drill rig due to arrive Q1 2014 for Maari field growth project activities Growth projects expected to add 15mmbbl (gross) incremental…
Maari Facilities Upgrade FPSO Raroa currently in Port Nelson, NZ for swivel replacement and process equipment upgrade New swivel installed; other work on vessel almost completed Mooring line replacement work on schedule Vessel…
New Zealand: Taranaki Exploration offshore Whio Whio-1 exploration well to be drilled early 2014 by the Kan Tan IV (PEP 51313) Cue 14% Potential to deliver material new OMV(Op) 30% discovery in Eocene and Paleocene Todd 35%…
New Zealand: Taranaki Exploration Onshore PEP 51149 Cue 20% 438km2 onshore Taranaki Basin Todd (Op) 80% Principal targets are Eocene (gas) and Miocene (oil) formations updip of Te Kiri -1 hydrocarbon shows Permit reached end of…
Indonesia: Sampang Production and Appraisal Oyong & Wortel first production 2012, Oyong Wortel 2007 Cue 15% Santos (Op) 45% Strong field performance with combined SPC 40% gross production of 85MMcfd and 2200bbl/d Oyong FSO…
Indonesia:Mahakam Hilir Appraisal and Exploration Mahakam Naga Utara-1 (2012) showed good Hilir PSC hydrocarbon indications but was Cue 40% unable to be conclusively evaluated SPC (Op) 60% Naga Utara-2 (NU-2) drilling underway- 65…
PNG: Production, Appraisal and Exploration PDL 3 Contains part of SE Gobe Unit (Cue Cue 5.6% 3.286%) Santos 15.9% (Op) Oil Search 36.4% Mature field that has produced over 42 SHP 40.1% million bbl (gross) since 1998 PRG 2% Gas…
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