Cue Energy Resources Limited (AU:CUE) has released an update.
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Cue Energy Resources Limited has reported a strong financial performance for the quarter ending September 2024, with a net cash flow of $3.5 million excluding a $7 million dividend payment to shareholders. The company secured a 6-year gas sales agreement with the Northern Territory Government and is advancing multiple drilling projects in Indonesia and Australia, solidifying its growth strategy. Despite lower cash receipts from some assets due to timing and oil prices, the firm maintains a robust cash balance of $12.8 million and no debt.
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