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Cue Energy Resources Limited ( (AU:CUE) ) has shared an update.
Echelon Resources Limited has entered into a gas supply agreement with McArthur River Mining Pty Ltd, providing 2.1 Petajoules of firm gas from the Mereenie joint venture, along with an ‘as available’ gas agreement for 2026 and 2027. This agreement, featuring take-or-pay provisions and CPI-indexed pricing, strengthens Echelon’s position in the energy sector by supplying critical resources to a key mining operation in the Northern Territory, potentially enhancing stakeholder value and operational reach.
More about Cue Energy Resources Limited
Echelon Resources Limited, trading as Echelon (ASX:ECH), is an energy commodity exploration and production company focused on Australasia. Headquartered in Wellington, New Zealand, the company is involved in both onshore and offshore oil and gas assets across Australia, New Zealand, and Indonesia. Echelon is committed to ethical development and exploration, maintaining strong ESG standards, and is actively seeking to expand its portfolio through value-accretive acquisitions.
Average Trading Volume: 298,168
Technical Sentiment Signal: Buy
Current Market Cap: A$76.98M
Learn more about CUE stock on TipRanks’ Stock Analysis page.