CUE ENERGY >>> drilling in progress, page-9

Getting close. Here's the latest.

Regards M.

CUE ENERGY RESOURCES LIMITED

Cue is pleased to announce that at 6.00am on 20th November, the
Bilip-1 exploration well in PPL190, Papua New Guinea was at a depth
of 2364 metres and planning to drill ahead to intercept the primary
objective.

Bilip is located on the SE Gobe-Saunders structural trend
approximately 10km southeast of the SE Gobe field and straddles the
PDL4/PPL190 boundary.

Participants in PPL190 are:-

Cue Energy Resources Ltd 10.947%
Santos Ltd 31.278% - operator
Oil Search Ltd 31.278%
Murray Petroleum Ltd 26.497%

Any queries regarding the announcement should be directed to the
company on (03) 96297577.

R J Coppin
CHIEF EXECUTIVE OFFICER
for and on behalf of
Cue PNG Oil Company Pty Ltd

ends - AAP