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Cue Energy Resources Limited (ASX:CUE)

ALERT: Price-sensitive ASX Announcement for CUE
Current share price for CUE : $0.110 0 (0%)+
Announcement
Release
29 Jul 2026 9:03AM
Price at Release
$0.110
Full Release
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Summary
Cue Energy Resources Limited reported a strong quarter ending on June 30, 2026, with increased cash receipts and production levels. The company closed the period with $15.7 million in cash and achieved total production of 138.1 thousand barrels of oil equivalent. Cue's production was bolstered by the resolution of infrastructure disruptions at the Mahato oil field and successful operations at the Maari field. Significant investment in exploration and development is underway, with multiple wells planned or in progress at key sites including Mahato and Palm Valley. Horizon Oil Limited's acquisition of a major stake in Cue has introduced new board members, bringing extensive oil and gas industry experience. The company remains focused on optimizing its existing asset portfolio, targeting near-term production growth, and strengthening its long-term gas supply agreements, particularly with the Northern Territory Government.
Key Points
  • Quarterly cash receipts increased to $13.6 million.
  • Total production rose to 138.1 kboe.
  • Mahato oil production significantly increased post-disruption resolution.
  • Palm Valley drilling campaign underway to support long-term contracts.
  • Horizon Oil completed takeover, now holds 57.03% of Cue.
  • New board members appointed, focusing on growth and asset optimization.
  • Long-term gas sales agreement with Northern Territory Government in place.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.