• Cue achieved overall production of 1,630 boe/d, with cash receipts of $11.1 million
• Cash receipts from Cue's onshore Australian assets increased by 29%
• Three development wells were successfully drilled in the PB Field at the Mahato PSC

Cue Energy Resources Ltd reported its quarterly activities for the period ended 30 June 2025. The company achieved overall production of 1,630 barrels of oil equivalent per day (boe/d) and cash receipts of $11.1 million. Cash receipts from Cue's onshore Australian assets increased by 29% to $4.1 million, driven by a full quarter of production from the recently drilled WM29 and WM30 wells, higher-priced gas contracts, and one-off payments. In Indonesia, three development wells were successfully drilled in the PB Field at the Mahato PSC, with field production averaging over 6,300 barrels of oil per day. The Maari field offshore New Zealand also achieved a major milestone, producing 50 million barrels of oil since commencement in 2009. The company noted progress towards a Final Investment Decision on the Paus Biru gas development and an extension of the Sampang PSC, with the potential for Cue to increase its participating interest in the project from 15% to 25%. While lower oil prices, increased Mahato development activity, no Maari sales, and well maintenance at Maari and Sampang had an impact on quarterly cashflow, Cue's diversified portfolio, particularly its exposure to fixed-price gas contracts, continues to provide stability.

Cue is nearing a Final Investment Decision for the Paus Biru gas development, with final approvals progressing and the opportunity for Cue to increase its participating interest to 25%. A 20-year PSC extension is pending approval, which would provide time for future exploration and development. At Maari, once current workover activities are complete, the company expects production to return to over 5,000 barrels of oil per day and remains optimistic about securing a 10-year permit extension to support continued production. In Mahato, the operator is expected to propose further development targeting the Telisa reservoir, using existing infrastructure to drive efficient production growth.