🕐18.10.13 - 08:27 Uhr

CUE ENERGY RESOURCES LTD. [CUE] - NAGA UTARA-2 PROGRESS REPORT # 2





Fortbridge Media Release

Cue Energy Resources Ltd. [CUE] - Naga Utara-2 Progress Report # 2

Cue Energy Resources Ltd (Cue) advises that at 06:00 local time the Naga Utara-2 well is at a depth of 1,305 ft MDKB (398m).

Since the last report, a 16� pilot hole was drilled to the current TD and the hole diameter is currently being opened to 24� ahead of running and cementing the 18⅝� casing.

The well site is located in the onshore portion of the Kutei Basin on the island of Kalimantan (Borneo), approximately 10 km NE of the town of Samarinda. Naga Utara-2 is operated by SPC Mahakam Hilir Pte Ltd, a subsidiary of Singapore Petroleum Company Ltd.

The well is the third to be drilled by the Mahakam Hilir Joint Venture and will appraise the gas shows seen in Miocene-age sandstones at Naga Utara-1 which were not fully evaluated in the previous well due to mechanical problems. The well will then be deepened to evaluate additional reservoir objectives.

To view full announcement, please see attached.

For further inquiries, please contact:

David A.J. Biggs
Chief Executive Officer
Cue Energy Resources Ltd.
Tel. No. (03) 9670 8668
Email:

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