Pre open, page-4

Here ya go matey.


All the best

Guardian



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CUE ENERGY RESOURCES LIMITED 2002-08-14 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
SE GOBE-10 ST1

The SEG-10 ST1 well has been completed with a gravel pack in the
upper Iagifu reservoir. The Parker 140 rig is currently moving off
location and production is expected to begin in 7 to 10 days.

SE GOBE-1 ST1

When last tested on 03 August 02, the SEG-1 ST1 well was flowing at a
rate of 2200 barrels of oil per day, 5440 million standard cubic feet
of gas per day with no produced water and low produced sand, on a
48/64 inch choke.

Cue has a 3.285651% interest in the SE Gobe field unit, with a
current overlift interest of 3.8565% to compensate for past under
lifting.

Participants in the SE Gobe Unit are as follows:

Cue PNG 3.3%
Chevron Niugini 7.9%
Exxon Mobil 5.9%
Merlin Petroleum 2.8%
Oil Search Limited 44.9%
Petroleum Resources Gobe 2.0%
Southern Highlands Petroleum 23.7%
Santos 9.4%
Total 100.0%


A location map is attached.

Any queries regarding this announcement should be directed to the
Company on 03 9629 7577.

R J Coppin
CHIEF EXECUTIVE OFFICER

A copy of the full announcement, including location Map, is available
in PDF format on www.asx.com.au. Alternatively it is available for
purchase from ASX Customer Service on 1 300 300 279.