MAHATO PSC UPDATE – APPROVAL OF NEW OIL DEVELOPMENT WELLS

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that further development of the PB oil production field in the Mahato PSC, has been approved by SKKMigas, the Indonesian regulator. 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.