MAHATO PSC UPDATE – PB-08 PRODUCTION WELL ONLINE

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-08 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing an average of approximately 600 barrels of oil per day (bopd). The update release is attached. Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue. For further information please contact the Company on: email enquiries@nzog.com phone +64 4 495 2424 End CA:00386871 For:NZO Type:MKTUPDTE Time:2022-02-04 14:30:13