Paus Biru Well Logging Update

Posted on 13 November 2018

New Zealand Oil & Gas subsidiary, Cue Energy Resources, has released an update of progress in the
Paus Biru-1 well in the Sampang PSC, Indonesia.

The wireline formation test logging programme announced on 5 November has been completed.
Three Drill Stem Tests will be undertaken within the primary objective, the Mundu Formation, and
these are expected to take 2 weeks to complete.

Participants in the Sampang PSC Indonesia, are Ophir Energy 45% (Operator); Singapore Petroleum
Company 40% and Cue Energy Resources 15%.

Cue's announcement is attached.