🕐19.12.13 - 06:27 Uhr

CUE ENERGY [ASX:CUE] - RE-START OF PRODUCTION AT MAARI FIELD, NEW ZEALAND





Fortbridge Media Release

Cue Energy [ASX:CUE] - Re-Start of Production at Maari Field, New Zealand

Cue Energy Resources Ltd is pleased to report that the Maari field, offshore Taranaki, New Zealand, has successfully recommenced production after being shut-in for maintenance and repair works.

Activities to re-start the field production commenced on 12 December 2013 and the Operator has advised that all production wells were back on-line on 17 December 2013, producing at a combined rate of approximately 11,600 barrels of oil per day. All wells will be carefully monitored until production stabilises.

The Maari field was shut-in for a period of 145 days, during which time the FPSO Raroa was disconnected from its mooring and towed to Port Nelson where a new production swivel was installed and the on board process facilities and the vessel were refurbished. Whilst the FPSO was off-station, repairs were effected to several of the mooring lines in the field.

To view the full announcement please refer to the attachment.

For more information please contact:

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

For media and investor inquiries, please contact:

Fortbridge Consulting: + 612 9003 0477

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