Cue Energy reports Indonesian operation

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

Sampang PSC ? Oyong Field ? Madura Strait, East Java(15% interest)
Operator: Santos

Oyong Field
CUE?s received oil production revenue during the quarter from the field was A$7.23 million which equated to 79,400 barrels of oil.

CUE?s received gas production revenue during the quarter from the field was A$2.3 million which equated to 742.7 million cubic feet of sales gas.

The average oil production rate for the quarter was approximately 4,250 barrels of oil per day, approximately 84% above the forecast rate due to better than expected reservoir performance and the average gas production rate for the quarter was 63.1 million cubic feet per day.

Wortel Field
At the end of May, Front End Engineering and Development (FEED) studies were 68% completed and gas marketing discussions were continuing. A development decision for the field is expected around the end of the third quarter 2010, with first gas expected in the fourth quarter 2011. (end of excerpt)