• $4.3 million net cashflow generated for the quarter
• Successful drilling and production of new wells in Mereenie and Mahato fields
• Progress towards FID on Paus Biru gas project

Cue Energy Resources Ltd reported a strong quarterly performance, with $4.3 million net cashflow generated, reinforcing the company's ongoing strong performance. The company has a cash balance of $17.1 million and no debt, with development activity fully funded. In the Mereenie field, the WM29 development well was successfully air-drilled and is now in production, achieving a gas production rate of 6 TJ/d, significantly higher than pre-drill expectations. The next well in the program, WM30, has commenced drilling. In the Mahato PSC, three development wells were successfully drilled, including PB-30, the field's first horizontal well, which is now producing over 600 barrels of oil per day. Progress is also being made towards a Final Investment Decision on the new Paus Biru gas project, with ongoing discussions regarding PSC extensions and amendments to support the development. The Maari field in New Zealand continues to perform steadily, demonstrating the success of production optimisation projects. Overall, the company's diverse portfolio and commitment to delivering sustainable value for shareholders is highlighted through these operational milestones.

Cue is focused on maintaining strong cash flow, advancing development projects, and positioning the company for continued growth and shareholder returns. The company is progressing the Paus Biru development and extension of the Sampang PSC, which are essential for enabling the project to proceed to FID.