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Cue Energy Resources Limited ( (AU:CUE) ) has shared an update.
Cue Energy Resources Limited reported a strong financial performance for the quarter ending December 31, 2024, with a net cash flow of $4.3 million and a cash balance of $17.1 million, indicating robust ongoing operations with no debt. The successful development of the Mereenie field and Mahato PSC wells, along with progress toward a Final Investment Decision on the Paus Biru project, underscores Cue’s strategic focus on growth and shareholder returns, positioning the company well for future endeavors.
More about Cue Energy Resources Limited
Cue Energy Resources Limited operates in the energy sector, focusing on the exploration and production of oil and gas. The company is engaged in the development of onshore and offshore projects across Australia, Indonesia, and New Zealand, with a market focus on sustainable energy production and shareholder value.
YTD Price Performance: 0.0%
Average Trading Volume: 254,560
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$69.87M
See more insights into CUE stock on TipRanks’ Stock Analysis page.
