Fortbridge Media Release

Cue Energy Resources [CUE] - Increased Interest in WA-389-P Carnarvon Basin, WA

Cue Energy Resources (ASX: CUE) today announced that, subject to the necessary
regulatory approvals, it has agreed to increase its interest from 35% to 40% in WA-
389-P in the Carnarvon Basin, Western Australia.

Cue has increased its participating interest as it sees significant remaining
hydrocarbon potential in WA-389-P. The permit is already substantially covered by
3D seismics which will underpin continuing exploration of the block.

BHP Billiton (Australia) Pty Ltd has also agreed to increase its interest to 60% in the
permit and assume operatorship, subject also to the necessary regulatory
approvals. An application to renew WA-389-P will be submitted to NOPTA prior to
the end of July this year.

Participants in WA-389-P following renewal of the licence will be:-

- Cue Exploration Pty Ltd: 40%
- BHP Billiton (Australia) Pty Ltd (operator): 60%

Any queries regarding the announcement should be directed to the company on
(03) 9670 8668 or email

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