Cue Energy Resources Limited ( (AU:CUE) ) has issued an announcement.
Cue Energy Resources Limited announced that the conditional gas supply agreement for Arafura’s Nolans rare earths project has lapsed due to unmet conditions. As a result, the Mereenie Joint Venture, in which Cue holds a 7.5% interest, will market the gas production to other customers starting in 2028, impacting the company’s sales strategy and market positioning.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an oil and gas production and exploration company listed on the Australian Securities Exchange (ASX:CUE) and based in Melbourne. The company generates revenue from gas and oil production in Indonesia, onshore Australia, and offshore New Zealand.
YTD Price Performance: 8.89%
Average Trading Volume: 416,133
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$68.51M
For an in-depth examination of CUE stock, go to TipRanks’ Stock Analysis page.