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Cue Energy Resources Limited ( (AU:CUE) ) has provided an update.
Cue Energy Resources has operations spanning Indonesia, onshore Australia and offshore New Zealand, with first-half FY26 revenue of $25.7 million derived from a portfolio of gas and oil producing fields. The company focuses on upstream production and exploration, leveraging a diversified geographic footprint across the Asia-Pacific region.
The company announced that the Mereenie and Palm Valley joint venture partners have agreed with the Northern Territory’s Power and Water Corporation to extend the deadline to execute binding gas sales agreements from 24 March 2026 to 1 April 2026. The short extension suggests negotiations over key gas supply terms are ongoing, with potential implications for near-term sales arrangements and regional energy supply planning once agreements are finalised.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.15 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’s Mahato and Sampang PSCs, Australia’s Mereenie, Palm Valley and Dingo fields, and New Zealand’s offshore Maari field.
Average Trading Volume: 550,925
Technical Sentiment Signal: Buy
Current Market Cap: A$94.47M
For a thorough assessment of CUE stock, go to TipRanks’ Stock Analysis page.