Fortbridge Media Release

Cue Energy Limited [CUE] - Production starts at the Maari development well in New Zealand

Cue Energy is pleased to announce that production from the Maari MR6A development well has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd). The optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. The Maari Field is currently producing approximately 14,000 bopd.

The Maari Growth Project offshore Taranaki in New Zealand is being conducted to increase
reserves, production, and recovery from the Maari field. Significant undeveloped reserves
remain at Maari and Manaia and the additional development will enable extraction of these
reserves.

Please see attachment for a copy of the complete release

For further information please contact

David Biggs
Chief Executive Officer
T 03 8610 4000
E

For media and investor inquiries, please contact

Fortbridge / Sydney

Bill Kemmery
T 61 400 122 449
E