Cue Energy Resources Limited (AU:CUE) has released an update.
Cue Energy Resources Limited has announced an Expression of Interest for the supply of gas from the Mereenie field, with potential delivery of up to 40TJ/d from mid-2024 to the end of 2030. New Zealand Oil & Gas Limited, with a significant stake in the venture, is also set to increase its interest in the Mereenie licenses to 42.5%, following a purchase agreement. The company’s portfolio includes various energy assets across Australasia and Indonesia, emphasizing ethical development, strong ESG standards, and strategic exploration.
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