Fortbridge Media Release

CUE ENERGY RESOURCES LTD [ASX CUE] - Manaia-2/2A Progress Report

Manaia-2/2A Progress Report # 9

Cue Energy Resources Ltd (ASX CUE) advises that since the previous report, a cement plug was placed at the bottom of Manaia-2 and the well successfully sidetracked at 2005m MDRT and renamed Manaia-2A from that depth. The Manaia-2A well is at a depth of 2010m MDRT at 0600 hours local time on 1 November 2013. The operator is currently preparing to drill ahead in 8 �� hole to the planned total depth of 2886m MDRT.

Manaia-2/2A is located in PMP 38160 in the offshore Taranaki Basin, New Zealand.

The well is operated by OMV New Zealand Ltd and is being drilled from the semi-submersible drilling rig �Kan Tan IV�.

The well is located 1.25 km north of Maui-4 (which discovered the Manaia field) and 6 km to the southwest of the Maari Field well head platform (map attached). The undeveloped Moki and Farewell Formation reservoirs that will be appraised by Manaia-2/2A have the potential to add at least 11 million barrels of gross reserves to the Manaia field.

Please refer to the attached press release for additional details and map.

For further inquiries, please contact:

Andrew M. Knox
Chief Financial Officer
Cue Energy Resources
Tel: +61 3 9670 8668
Email:

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