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Cue Energy Resources Limited ( (AU:CUE) ) has issued an announcement.
Cue Energy Resources Limited has successfully completed the drilling and completion of the West Mereenie 30 (WM30) well, part of their Mereenie field project. The company achieved this milestone ahead of schedule and under budget, indicating efficient operations and potentially positive impacts on its production capabilities. WM29, the first well in the two-well program, is already online with a stable production rate, while the tie-in for WM30 is scheduled for early March. Cue holds a 7.5% interest in the Mereenie Joint Venture, alongside partners Echelon Resource Limited, Horizon Oil Limited, and Central Petroleum Limited, which operates the project.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an Australian Securities Exchange (ASX:CUE) listed oil and gas production and exploration company based in Melbourne. The company generates revenue from gas and oil production from several fields, including the Mahato and Sampang PSCs in Indonesia, onshore Australia fields like Mereenie, Palm Valley, and Dingo, and the offshore Maari field in New Zealand.
YTD Price Performance: 10.0%
Average Trading Volume: 330,314
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$76.85M
Find detailed analytics on CUE stock on TipRanks’ Stock Analysis page.
