Cue Energy Resources Limited (AU:CUE) has released an update.
Cue Energy Resources Limited has reported a rewarding quarter for shareholders, with a $14 million dividend payout and a strong net cash flow of $5.6 million, excluding dividends. The company has successfully commenced production from its new oil development well in the PB field in Indonesia and secured a gas supply agreement with PWC for the Northern Territory for 2024. Despite some production setbacks due to short-term events, Cue Energy’s balance sheet remains robust with no debt and a solid cash position, signaling a positive outlook for the future.
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