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An update from Cue Energy Resources Limited ( (AU:CUE) ) is now available.
Cue Energy Resources Limited, through its involvement in the Mereenie Joint Venture, has completed the drilling of the West Mereenie 30 well, which will soon be tied-in for production. This project, completed ahead of schedule and under budget, is expected to significantly enhance the Mereenie field’s capacity to fulfill its Gas Sales Agreement with the Northern Territory Government. The success of this campaign, anticipated to exceed production expectations, underscores the potential and operational efficiency within the Mereenie field, promising notable implications for stakeholders.
More about Cue Energy Resources Limited
Echelon Resources Limited, trading as Echelon, is an Australasia-focused energy commodity exploration and production company based in Wellington, New Zealand. The company engages in ethical and values-based development and exploration activities across a portfolio of onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia. Echelon holds these stakes through direct ownership or indirectly via its significant stake in ASX-listed Cue Energy Resources Limited.
YTD Price Performance: 10.0%
Average Trading Volume: 330,314
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$76.85M
See more insights into CUE stock on TipRanks’ Stock Analysis page.
