BHP Group Limited — Capital/Financing Update 2012

Jun 27, 2012

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A.B.N.�45�066�383�971�

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----- Start of picture text ----- 28�June�2012 PAGES�(including�this�page):��3�----- End of picture text -----

�CUE�ENERGY�OVERVIEW�

Company�Announcements�Office�

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Cue�is�an�Australian�based�oil�&�gas� company�with�projects�in�Australia,� New�Zealand,�Indonesia�and�PNG.��

���20�Bond�Street�

���Sydney�NSW�2000��

THE�COMPANY�HAS:�

• Long�life�production�

• A�strong�balance�sheet�

• An�active�exploration�program��

CUE�ENERGY�DIRECTORS�

Banambu Deep-1 Drilling Update, WA-389-P

• Richard�Tweedie�(Chairman)�

• Timothy�Dibb�

• Geoffrey�King�

• Steve�Koroknay�

• � Paul�Moore�

Attached�please�find�Cue�Energy�Resources�Limited�release�with� respect�to�the�above�mentioned.�

• Leon�Musca�

• Andrew�Young�

CUE�ENERGY�MANAGEMENT�

• Mark�Paton�(CEO)�

Yours�faithfully�

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Andrew�M�Knox� Public�Officer�

• Andrew�Knox�(CFO)�

• David�Whittam�(Exp�Man)�

• � Alex�Parks�(CCO)�

OFFICE� Level�21� 114�William�Street� Melbourne�Vic�3000�

CONTACT�DETAILS� Tel:�+61��3��9670�8668� Fax:�+61��3��9670�8661�

EMAIL�

mail@cuenrg.com.au�

WEBSITE�

www.cuenrg.com.au� �LISTINGS� ASX:� �CUE� ����NZX:��������������� �CUE� ����POMSOX:����������������CUE� ����ADR/OTCQX:���������CUEYY�

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Cue Energy Resources Limited

A.B.N. 45 066 383 971

RELEASE

(ASX: CUE; NZX: CUE; POMSOX: CUE; ADR/OTC: CUEYY)

Banambu Deep-1 Drilling Update, WA-389-P

Cue Energy Resources Limited (ASX Code: CUE) provides the following update on the Banambu Deep-1 exploration well in permit WA-389-P offshore Carnarvon Basin, Western Australia.

Progress

The operator has advised that the well reached total depth of 4696 mMD at 12:45 hrs 26[th] June 2012 within the Mungaroo Formation. Since the last report the 216mm (8 ½”) hole was drilled through the primary and secondary reservoir objectives and wire-line logs were obtained. The fluvial sandstone units were intersected according to pre-drill prediction; however both intervals are water-bearing .

Forward Plan

Operator will complete the wire-line logging programme and commence plug and abandon operations.

Location

The Banambu Deep-1 well is located in permit WA-389-P, in the Carnarvon Basin, Western Australia (Figure 1). Water depth at the well location is 320m.

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Figure 1: Location of Banambu Deep Prospect

Participants

Following government approvals of the recent farm in transaction with BHP Billiton the participants and their respective interests in the permit will be:

Woodside Burrup Pty Ltd (Operator) 25% Cue Exploration Pty Ltd 35% BHP Billiton (Australia) Pty Ltd 40%

Explanatory note: All measurements are from the rotary table, expressed in metres measured depth (mMD)

This will be the final release on the drilling of Banambu Deep-1.

Any queries regarding the announcement should be directed to the Company on (03) 9670 8668 or email mail@cuenrg.com.au.

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Mark Paton Chief Executive Officer

28[th] June 2012