Ann: GENERAL: NZO: Purchase of interest in Cue Energy

• Release Date: 22/12/14 09:05
• Summary: GENERAL: NZO: Purchase of interest in Cue Energy
• Price Sensitive: No
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					NZO
22/12/2014 09:05
GENERAL
PRICE SENSITIVE
REL: 0905 HRS New Zealand Oil and Gas Limited

GENERAL: NZO: Purchase of interest in Cue Energy

New Zealand Oil & Gas has agreed to purchase 19.99 per cent of shares in
ASX-listed exploration and production company Cue Energy.

The holding was purchased off market from Todd Petroleum Mining at AUD10
cents per share, for a total value of AUD$13.96 million. The agreement is
expected to be completed today.

Chief executive Andrew Knight says, "Cue has a 5 per cent interest in the
Maari field in PMP 38160, which we view as a quality asset and exposure to it
fits our portfolio well."

John Pagani
External Relations Manager
+64 21 570 872
End CA:00259235 For:NZO    Type:GENERAL    Time:2014-12-22 09:05:26