Wortel 2D Seismic Survey Begins Offshore East Java

Wortel Seismic Survey Begins

Cue is pleased to announce that acquisition of the Wortel 2D seismic survey has begun in the Sampang Production Sharing Contract, offshore East Java, Indonesia.

The 395km Seismic survey is designed to provide additional infill seismic information over the Wortel gas discovery and three adjacent exploration leads.

The information will assist in locating the Wortel -3 appraisal well which is expected to be drilled in the first half of 2008 and in developing potentially drillable locations for exploration wells later in 2008.

Wortel is located approximately 7 kilometers west of the Oyong field, where oil production has recently begun.

The participants in the Sampang PSC are:

Santos (Sampang) Pty Ltd (Operator) 45%
Singapore Petroleum Company Limited 40%
Cue Sampang Pty Ltd 15%

Wortel is located approximately 7 kilometers west of the Oyong field, where oil production has recently begun.

ENDS

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