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General Information

Cue Energy Resources Limited
CUE
http://www.cuenrg.com.au
Oil & Gas Exploration & Production
51
698

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.07 $0.07 $0.07 $0.07 $0.07 8412 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Cue Energy Resources Limited (CUE) is an oil and gas exploration, development and production company with petroleum assets located in Australia, New Zealand, Indonesia and Papua New Guinea.
Strategy Analysis
CUE's strategy is to grow through the acquisition of exploration areas and producing assets and participating in exploration and appraisal drilling. The company also aims to maintain a lean, cost effective organisation. CUE's production comes from the SE Gobe oil field in PNG and the Oyong field in Indonesia. Cue is also involved in the development of the Maari oil field in New Zealand which, from 13 October 2010, has been producing oil. Cue Energy Resources reported NPAT down 18.1% to $3.22m for the half-year ended 31 December 2012. Revenues from ordinary activities were $28.47m, up 41.4% from last year. Basic and Diluted EPS were 0.46 cents compared to 0.57 cents last year. Net operating cash flow was $17.45m compared to $10.77m last year. No dividend was declared.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -2.2 -0.3 0.0% 0.0 0.0 0.0% 0.0%
2013 A 6.4 0.9 12.3% 15.3 0.0 0.0% 0.0%
2012 A 5.7 0.8 -70.5% 30.4 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Beach Energy (BPT) $1,333M 0.8455 -0.6149 -0.3429 5.1663 13.4162 20.4183 1.95% 2.93% 2.93%
Cue Energy Resources (CUE) $51M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Oil Search (OSH) $11,131M 0.6947 0.3433 -0.0306 25.2243 18.7773 19.3694 2.34% 2.48% 2.26%
Santos (STO) $8,290M 0.0505 -0.4458 1.1927 15.1771 27.3841 12.4887 0.00% 4.23% 4.23%
Woodside Petroleum (WPL) $29,059M 0.5477 -0.3755 -0.1044 9.8597 15.7871 17.6271 8.81% 5.03% 4.54%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.39 0.00
Market 0.91 16.10 1.33 1.27
Sector 1.18 13.10 0.52 0.31

Directors

Name Position Start Date
Mr Geoffrey John King Non-Executive Chairman 24/11/2011
Mr Paul G Foley Non-Executive Director 13/04/2015
Mr Stuart Anthony Brown Non-Executive Director 24/07/2014
Mr Peter Hazledine Non-Executive Director 13/04/2015
Mr Brian Smith Non-Executive Director 13/04/2015
Mr Andrew Alexander Young Non-Executive Director, Interim Chief Executive Officer 13/12/2011

Management

Name Position
David Biggs Chief Executive Officer
Andrew Melville Knox Chief Financial Officer,Company Secretary
Pauline Moffatt Joint Company Secretary

Substantial Shareholders

Holding Name
189,023,314 (27.08%) Todd Petroleum Mining Company Ltd
112,996,671 (16.19%) Singapore Petroleum Company Limited
59,566,296 (8.53%) Zeta Resources Ltd

Calendar of Events

Date Event
27 April 2016 Report (Quarterly)
25 February 2016 Report (Interim)
27 January 2016 Report (Quarterly)
30 October 2015 Report (Quarterly)
09 October 2015 Report (Annual)
25 September 2015 Report (Annual)
25 August 2015 Report (Prelim)
27 July 2015 Report (Quarterly)
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