CUE ENERGY RESOURCES LIMITED — Director's Dealing 2007

Oct 30, 2007

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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: mail@cuenrg.com.au Website: www.cuenrg.com.au

TO : Company Announcements Office 10th Floor

20 Bond Street Sydney NSW 2000

DATE : 31 October 2007

PAGES (including this page):4

FROM : Andrew Knox

RE : Amended Appendix 3Y

Attached please find amended Change of Director’s Interest Notice for the following Director :-

Richard Tweedie

Yours faithfully

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Andrew M Knox Public Officer

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity : Cue Energy Resources

ABN : 45 066 383 971

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Richard Tweedie
Date of last notice	15 August 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

disclosed in this art	disclosed in this art
p.Direct or indirect inte
	Direct or indirect inte	rest		Direct
	Nature of indirect int	erest		BB Nominees Pty	Ltd
	(including registeredNote: Provide details of the ci	holder)rcumstances ivin rise to the re	levant
	interest.	gg
	Date of change			29 October 2007
	N f iti hld	i t h		Bfiil
	o. o secures e	pror o cange		eneca:2,163,704 Ordina	ry fully paid shares – Bene
				in the name of R237218 Ordinar	Tweedie Super Fundfull aid shares – Benefi
	Class			Ordinary fully paid shares
	Number acquired			51,798
	Number disposed			NIL

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	51,798 @ AUD0.24 cents each
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Beneficial:
	2,163,704 Ordinary fully paid shares – Beneficial
	in the name of R Tweedie Super Fund
	289,016 Ordinary fully paid shares – Beneficial
	in the name of BB Nominees Pty Ltd
	Non Beneficial:
	135,919,429 Ordinary fully paid shares – Non
	Beneficial in the name of Todd Petroleum
	Mining Company Limited
	21,600,000 Ordinary fully paid shares – Non
	Beneficial in the name of Todd Tasman Oil Ltd
Nature of change	On market trade pursuant to Directors Share
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Savings Plan.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

I confirm the above to be correct.

………………………………. Richard Tweedie

Dated 30 October 2007

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002