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Cue Energy Resources Limited ( (AU:CUE) ) has issued an announcement.
Cue Energy Resources Limited has updated the market on gas sales negotiations involving its Mereenie and Palm Valley interests in Australia’s Northern Territory. The company, together with its joint venture partners, is focused on supplying gas from these onshore fields to regional utility customers as part of its broader upstream oil and gas portfolio.
The Mereenie and Palm Valley joint venture partners have agreed with the Northern Territory’s Power and Water Corporation to extend the deadline for executing binding gas sales agreements from 20 February 2026 to 2 March 2026. The short extension suggests commercial terms are still being finalised, and timely completion will be important for securing long-term gas offtake arrangements and providing greater revenue visibility for Cue and its partners.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Cue Energy Resources Limited stock, see the AU:CUE Stock Forecast page.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an ASX-listed oil and gas production and exploration company based in Melbourne. The company generates revenue from gas and oil production across assets in Indonesia, onshore Australia and offshore New Zealand, including the Mahato and Sampang PSCs, the Mereenie, Palm Valley and Dingo fields, and the Maari field.
Average Trading Volume: 251,853
Technical Sentiment Signal: Buy
Current Market Cap: A$90.97M
Learn more about CUE stock on TipRanks’ Stock Analysis page.