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Cue Energy Resources Limited ( (AU:CUE) ) has issued an update.
Cue Energy Resources Limited has released its Reserves and Resources Statement as of July 1, 2025, reporting a stable total 2P reserves of 5.5 million barrels of oil equivalent, consistent with the previous period minus production. Notable changes include an increase in 2P reserves at the Maari field due to improved production performance, while the Sampang PSC 2P reserves decreased due to faster-than-expected production decline at the Oyong and Wortel fields. The company also noted a reduction in Mahato PB field 2P oil reserves, offset by the addition of contingent resources in the Telisa reservoir, which is expected to drive production growth in the coming fiscal year. This announcement reflects Cue Energy’s ongoing efforts to optimize its asset portfolio and enhance its market position.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an energy company primarily engaged in the exploration and production of oil and gas. The company operates in various regions, including Australia, New Zealand, and Indonesia, focusing on maximizing the value of its reserves and resources through strategic exploration and development activities.
Average Trading Volume: 236,915
Technical Sentiment Signal: Buy
Current Market Cap: A$83.89M
For detailed information about CUE stock, go to TipRanks’ Stock Analysis page.