MAHATO PSC UPDATE – PB-19 PRODUCTION WELL ONLINE

19 December 2022 MAHATO PSC UPDATE - PB-19 PRODUCTION WELL ONLINE New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-19 in the Mahato Production Sharing Contract (PSC), Indonesia, has been successfully drilled and completed and is producing approximately 800 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. End CA:00404355 For:NZO Type:GENERAL Time:2022-12-19 13:44:09