Admission to AIM

RNS Number:1568H
Cue Energy Plc
03 August 2006


                                 Cue Energy plc

                                 3 August 2006


                          Placing and Admission to AIM



Cue Energy plc ('Cue' or the 'Company'), announces that, with effect from
08.00am today (3 August 2006), its existing ordinary shares of 0.07p each
('Ordinary Shares') and new ordinary shares ('Placing Shares') issued pursuant
to a successful placing, have been admitted to AIM. Ruegg & Co Limited is acting
as the nominated adviser and Hichens, Harrison & Co. plc as broker to the
Company.


Cue has been established for the purpose of making investments in the energy
sector, which may include exploration, development or production projects in oil
and gas, coal, uranium and renewable energy.


Cue will primarily focus on investment and acquisition opportunities in Southern
Africa, the former Soviet Union and South East Asia. Cue's interest in a
proposed investment may range from a minority position to 100 per cent.
ownership. The proposed investments may be a direct interest in an energy
project or an indirect interest through partnerships, joint ventures or either
quoted or unquoted companies.


It is intended that Cue will make investments which are in the development and/
or production stages, however the Directors may decide that the Company should
invest in early stage exploration assets where some exploration or development
expenditure has already been made. The Directors intend to actively monitor any
investments and/or acquisitions made by the Company.



Key Statistics


Placing Price                                             2p

Number of Placing Shares                         150,000,000

Number of Ordinary Shares in issue immediately   
following the Placing                            230,207,901

Market Capitalisation of the Company
at the Placing Price on Admission                 #4,604,158

Percentage of the issued share capital
represented by the Placing Shares                     65.16%

Gross proceeds of the Placing                     #3,000,000

Estimated net proceeds of the Placing             #2,800,000


Ends


For further information, please contact:

Hichens, Harrison & Co. plc                     020 7382 4451
Adam Wilson


Ruegg & Co Limited                              020 7584 3663
Gavin Burnell
Brett Miller






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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