The board of Cue Energy Resources Limited announced that following an extensive search the company has appointed Mr. David Biggs as Chief Executive Officer. David will commence work on 22 April 2013. David comes to the company with more than 30 years' experience in the international oil and gas industry with a strong background in oil & gas business development, marketing, joint ventures, and business strategy. He has worked for the past 18 years with BHP Billiton Petroleum Ltd. and prior to that with Petrocorp NZ and Natural Gas Corporation NZ. After 5 months in the interim CEO role, Andrew Young returns to the Board as non-executive Director.

Cue Energy Resources Limited announced as at the last AGM, Mr. Richard G Tweedie stood down as Chairman and indicated his intention to retire as a Board member early in 2013. Richard has now formally resigned as a Director of the company effective February 25, 2013. Richard Tweedie joined the board in 1997 and was Chairman from August 2001 to November 2012.

Cue Energy Resources Limited reported consolidated earnings results for the half year ended December 31, 2012. For the period, the company's production income was AUD 28,392,000 compared to AUD 19,976,000 a year ago. Gross profit from production was AUD 17,560,000 against AUD 12,161,000 for the same period a year ago. Profit before income tax was AUD 3,131,000 compared to AUD 8,069,000 a year ago. Profit is attributable to owners of the company was AUD 3,220,000 or 0.46 cents per diluted share compared to AUD 3,931,000 or 0.57 cents per diluted share a year ago. Net cash provided by operating activities was AUD 17,447,000 compared to AUD 10,766,000 a year ago. Payments for exploration expenditure were AUD 3,773,000 compared to AUD 8,078,000 a year ago. Payments for production property were AUD 2,440,000 compared to AUD 13,001,000 a year ago. Payments for property, plant and equipment was AUD 14,000 against AUD 41,000 for the same period a year ago. Earnings before interest, tax, depreciation and amortization were AUD 11,667,000 compared to AUD 12,449,000 a year ago.