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CUE ENERGY RESOURCES LIMITED — Capital/Financing Update 2008
Oct 1, 2008
64722_rns_2008-10-01_6ed59c1b-ffc1-4af5-9cda-67a855d1d4a0.pdf
Capital/Financing Update
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Cue Energy Resources Limited
A.B.N. 45 066 383 971
Level 21 114 William Street Melbourne Victoria 3000 Australia
Telephone: (03) 9670 8668 Facsimile: (03) 9670 8661 Email: [email protected] Website: www.cuenrg.com.au
TO : Company Announcements Office 10th Floor 20 Bond Street Sydney NSW 2000
DATE : 2 October 2008 PAGES (including this page): 3
FROM : Andrew Knox
- RE : Rose 3D Seismic Survey Completed
Attached please find Cue Energy Resources Limited's release with respect to the above mentioned.
Yours faithfully
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Andrew M Knox Public Officer
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Cue Energy Resources Limited
A.B.N. 45 066 383 971
RELEASE
ROSE 3D SEISMIC SURVEY COMPLETED
Cue Energy Resources Ltd, as operator and 100% participant of permit WA-389-P in the Carnarvon Basin, advises that acquisition of the Rose 3D seismic survey was completed on 30[th] September 2008.
The survey is located across adjoining areas of permits WA-388-P and WA-389-P and comprised approximately 1500 sq km of 3D coverage. Of this approximately 450 sq km was within WA-389-P. The seismic data was acquired by Wavefield Inseis ASA with their vessel M/V Geowave Champion. The Rose 3D was operated by Oilex Ltd as operator of permit WA-388-P.
The new data in WA-389-P provides 3D coverage over a very prospective section of the permit, which is located 90 km north of the North Rankin Trend gas/ condensate province. Mapping on 2D seismic data has identified several structural leads with the potential to contain multiple TCF of gas in Triassic reservoirs. The new 3D data will be used to mature these as possible drilling opportunities in 2009/ 2010.
The participant in WA-389-P is: Cue Exploration Pty Ltd (Operator) 100% (100% subsidiary of Cue Energy Resources Limited)
- Map attached
Any queries regarding the announcement should be directed to the Company on (03) 9670 8668 or email [email protected].
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Robert J Coppin Chief Executive Officer
2[nd] October 2008
WA-388-P and WA-389-P Rose 3D Survey Location Map
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----- Start of picture text ----- Cue EnergyProposed 3D SurveyApprox. 450 sq km (Full Fold)----- End of picture text -----