Cue Energy reports Indonesian operation

The following is an edited excerpt from Australian energy firm Cue Energy Resources? quarterly report ended March 31, 2011 released on Friday.

Sampang PSC - Madura Strait (15% interest)
Operator: Santos

? Oyong Field
Oil production continued at a total rate of 3,000 bopd which is above the original forecast rate. Cue?s share of oil sales receipts was 24,651 barrels which generated A$2.3 million in revenue received during the quarter. Cue?s share of gas sales receipts was 725 million cubic feet which generated A$1 .94 million in revenue received during the quarter.

? Wortel Field
The Wortel gas field development is progressing to plan, all detailed engineering, and fabrication of the legs of the wellhead platform, have been completed, targeting first gas production in late 2011. The combined Oyong and Wortel gas production rate is expected to be around 90 mmscf per day. Oyong is currently producing around 60 MMscf per day. (end of edited excerpt)