Cue Energy Resources Limited (AU:CUE) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Cue Energy Resources Limited has initiated drilling at the West Mereenie 29 well in Australia’s Northern Territory, marking the start of a two-well program designed to boost gas production from the Mereenie field. This development is set to enhance output by up to 6 terajoules per day, aligning with their recent gas sales agreement with the NT Government. Investors might find this an interesting growth opportunity as Cue holds a 7.5% interest in the Mereenie permits.
For further insights into AU:CUE stock, check out TipRanks’ Stock Analysis page.