Cue Energy Resources Limited ( (AU:CUE) ) has provided an announcement.
Echelon Resources Limited announced that its conditional Gas Sales Agreement with Arafura Rare Earths has lapsed due to unmet conditions. The Mereenie Joint Venture, which includes Echelon, has decided to re-market the gas, parting with Arafura on good terms and expressing continued support for the Nolans Project. This decision reflects a strategic focus on production and development certainty, impacting the company’s operations and market positioning.
More about Cue Energy Resources Limited
Echelon Resources Limited is an Australasia-focused energy commodity exploration and production company based in Wellington, New Zealand. The company is engaged in ethical and values-based development and exploration activities, maintaining high ESG standards. Its portfolio includes onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia, held directly or through its stake in Cue Energy Resources Limited.
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.