Cue Energy Resources has signed binding JV agreements with Woodside on the 389-P exploration permit in the Carnarvon Basin in offshore WA. Woodside will obtain a 65pc interest in the permit by committing to pay Cue’s back costs of $US5m and paying the cost of acquiring 1440 sq kms of new 3D seismic data as well as the cost of reprocessing existing 3D seismic surveys.