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Cue Energy Resources Limited ( (AU:CUE) ) just unveiled an update.
Cue Energy Resources Limited, along with its Joint Ventures, has signed a Letter of Intent with the Northern Territory’s Power and Water Corporation to initiate a four-well drilling program and establish long-term gas supply agreements through to 2034. This initiative aims to enhance gas delivery to the Northern Territory market, with drilling expected to start in mid-2026, ensuring reliable energy supply and offering Cue Energy short-term production growth and long-term contract stability.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.12 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 Australian Securities Exchange (ASX:CUE) listed oil and gas production and exploration company based in Melbourne. The company generates revenue from gas and oil production in Indonesia, onshore Australia, and offshore New Zealand.
Average Trading Volume: 193,257
Technical Sentiment Signal: Buy
Current Market Cap: A$76.98M
See more insights into CUE stock on TipRanks’ Stock Analysis page.