Cue Energy reports Indonesian operation

The following is an excerpt from Australian energy firm Cue Energy Resources? quarterly report released on Friday.

Sampang PSC - Oyong Field - Madura Strait, East Java, (15% interest)

Operator: Santos

Oyong Field
Cue?s oil production revenue received during the quarter from the field was A$4.5 million and equated to 59,053 barrels of oil.

The average production rate at the end of the quarter was approximately 3,700 barrels of oil per producing day. Production was shut in for 14 days while modifications were made for phase 2 gas production.

Gas production from the field began on 1 October 2009 and was expected to reach 50-60 million cubic feet of gas per day during October.

Cue did not have any hedging arrangements in place during the quarter.

Exploration
Sampang PSC
General exploration studies continued during the quarter.

Wortel Field
A plan of development has been submitted to BPMIGAS for consideration. Disscussions on the plan with BPMIGAS are ongoing. (end of excerpt)