Fortbridge Media Release

Cue Energy [ASX:CUE] - Naga Utara-2 Progress Report # 10

Cue Energy Resources Ltd (Cue) advises that at 06:00 local time on 13 December 2013, the Naga Utara-2 Well was at a depth of 5,961 ft MDKB (1,817m).

Since the last report, several attempts have been made to free the stuck drill string which became stuck whilst drilling the 8�� hole. These operations have not been successful and the drill string has been cut at a depth of 4,862 ft MDKB (1,482m). Preparations are underway to sidetrack the well around the obstruction left in the hole.

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 (map attached). Naga Utara-2 is operated by SPC Mahakam Hilir Pte Ltd, a subsidiary of Singapore Petroleum Company Ltd.

To view the full announcement and map, please refer to the attachment.

For further information please contact:

David A.J. Biggs
Chief Executive Officer
+61 3 8610 4000

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