Cue Granted New Carnarvon Basin Exploration Permit

Cue Energy Plc has been granted a new exploration permit WA-409-P in the offshore Carnarvon Basin of Western Australia. WA-409-P is immediately adjacent to Cue's existing permits WA-359-P and WA-389-P and contains similar prospective trends.

Participants in WA-409-P are:

--Cue Exploration Pty Ltd (Operator) 50%

--Gascorp Australia Pty Ltd 50%