CUE 7.69% 8.4¢ cue energy resources limited

CUE ENERGY >>> drilling in progress, page-9

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    Getting close. Here's the latest.

    Regards M.

    CUE ENERGY RESOURCES LIMITED

    Cue is pleased to announce that at 6.00am on 20th November, the
    Bilip-1 exploration well in PPL190, Papua New Guinea was at a depth
    of 2364 metres and planning to drill ahead to intercept the primary
    objective.

    Bilip is located on the SE Gobe-Saunders structural trend
    approximately 10km southeast of the SE Gobe field and straddles the
    PDL4/PPL190 boundary.

    Participants in PPL190 are:-

    Cue Energy Resources Ltd 10.947%
    Santos Ltd 31.278% - operator
    Oil Search Ltd 31.278%
    Murray Petroleum Ltd 26.497%

    Any queries regarding the announcement should be directed to the
    company on (03) 96297577.

    R J Coppin
    CHIEF EXECUTIVE OFFICER
    for and on behalf of
    Cue PNG Oil Company Pty Ltd

    ends - AAP

 
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