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Cue Energy Resources Limited ( (AU:CUE) ) has issued an update.
Cue Energy Resources Limited announced the successful completion of the WM29 development well in the Mereenie gas field, operated by Central Petroleum Limited. This development is expected to boost field production capacity and potentially increase gas sales under a recent agreement with the Northern Territory Government. Cue holds a 7.5% interest in the joint venture, with other stakeholders including Echelon Mereenie Pty Ltd, Horizon Australia Energy Pty Ltd, and Central Petroleum Mereenie Pty Ltd.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an ASX-listed oil and gas production and exploration company based in Melbourne. The company generated $49.7 million in FY2024 from its operations in Indonesia, onshore Australia, and offshore New Zealand.
YTD Price Performance: 0.0%
Average Trading Volume: 272,813
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$69.87M
Find detailed analytics on CUE stock on TipRanks’ Stock Analysis page.
