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The latest update is out from Horizon Oil Limited ( (AU:HZN) ).
Cue Energy Resources Limited announced that the conditional gas supply agreement for Arafura’s Nolans rare earths project has lapsed due to unmet conditions. The Mereenie Joint Venture, in which Cue holds a 7.5% interest, will now market the gas production volume to other customers in the Northern Territory and East Coast, potentially impacting future revenue streams and market positioning.
More about Horizon Oil 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.
YTD Price Performance: 30.0%
Average Trading Volume: 27,335
Technical Sentiment Signal: Sell
Current Market Cap: $205.8M
See more data about HZN stock on TipRanks’ Stock Analysis page.