Fortbridge Media Release

Cue Energy [ASX: CUE] - Naga Selatan-1 Well, Mahakam Hilir PSC, Indonesia � June 2012

Cue Energy Resources Ltd (ASX: CUE) has provided the following update regarding the drilling of the Naga Selatan-1 well. The well is located within the Mahakam Hilir PSC in the Kutei Basin, Indonesia. The well operator is SPC Mahakam Hilir Pte. Ltd.

The Naga Selatan (Southern Dragon) prospect is situated approximately 7.5km to the west of the producing Sanga-Sanga oilfield.

As of the 12th June 2012, the 8 � inch hole section is currently being drilled at 7,741 feet MD. The plan is to drill ahead to a planned well TD (Total Depth) of 8,000 feet and evaluate with wire-line logging.

The participants and their respective interests in the PSC are:
SPC Mahakam Hilir Pte Ltd (Operator) 60%
Cue Mahakam Hilir Pty Ltd 40%

Cue will release reports of well progress on a weekly basis

Please see more in the attached announcement.

For further information, please contact:

Cue Energy Resources Ltd
T: +61 3 9670 8668
E:

Media/investor enquiries:

Peter-John Lewis
Fortbridge
E:
P: +61 2 9003 0481
M: +61 416 290 604