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Director Resignation & Appointment

Source: 12/14/2017, Location: Not categorized

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Cue Energy Resources Ltd (Cue) announces that Mr Duncan Saville has resigned from his position as Non-Executive Director of Cue with immediate effect. Given the announcement of New Zealand Overseas Investment Office approval of O.G. Oil & Gas’ Partial Takeover Offer for New Zealand Oil & Gas, who are the majority shareholders of Cue, Mr Saville considers it to be appropriate to resign from the Board of Cue. Cue Chairman Grant Worner thanked Mr Saville for his service as a Director.

“During the time Duncan has been on the Board of Cue, he has provided valuable corporate finance advice and strategic discipline. The Cue Board wishes to thank Duncan for his contributions over the last 16 months and we wish him the very best for the future.”

The Cue Board has resolved to appoint Ms Melanie Leydin as a director of Cue until a more permanent replacement is secured. Ms Leydin is a principal of the chartered accounting firm, Leydin Freyer and is the Cue’s Company Secretary and Chief Financial Officer.

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