From report by CUE today"Manaia-2 Progress Report # 4Cue Energy...

From report by CUE today
"Manaia-2 Progress Report # 4
Cue Energy Resources Ltd (Cue) advises that the Manaia-2 well is at a depth of 754m MDRT
at 0600 hours local time on 27 September 2013. Current operations are preparing to drill ahead
in 12¼” x 13½” hole. Mechanical problems with the rig equipment and adverse weather
conditions have delayed drilling since the last report.
Manaia-2 is located in PMP 38160 in the offshore Taranaki Basin. The well is operated by OMV
New Zealand Ltd and is being drilled from the semi-submersible drilling rig ‘Kan Tan IV’.
The well is located 1.25 km north of Maui-4 (which discovered the Manaia field) and 6 km to the
southwest of the Maari Field well head platform. The well has a planned total depth of 2,850m
and drilling is expected to take about 30 days. The undeveloped Moki and Farewell Formation
reservoirs that will be appraised by Manaia-2 have the potential to add 11 million barrels of
gross reserves to the Manaia field.
Cue will provide weekly progress reports during the drilling of Manaia-2.
Participating interests in PMP 38160 are as follows:
Cue Taranaki Pty Ltd 5%
Horizon Oil International Ltd 10%
(a subsidiary of Horizon Oil Ltd)
Todd Maari Ltd 16%
OMV New Zealand Ltd 69% (Operator)
Any queries regarding the announcement should be directed to the Company on (