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Cue Energy Resources Limited ( (AU:CUE) ) just unveiled an update.
Horizon Oil Limited and its Mereenie Joint Venture partners have signed a binding Letter of Intent with the Northern Territory’s Power and Water Corporation to expedite the drilling of two new wells and establish long-term gas supply agreements. The initiative aims to commence drilling by mid-2026, with the goal of supplying additional gas volumes to the Northern Territory, thereby strengthening regional energy security and meeting gas demand through 2034.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.12 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
Horizon Oil Limited operates in the energy sector, focusing on the exploration and production of oil and gas. The company holds a 25% interest in the Mereenie field, collaborating with joint venture partners to enhance gas supply in the Northern Territory.
Average Trading Volume: 193,257
Technical Sentiment Signal: Buy
Current Market Cap: A$76.98M
See more insights into CUE stock on TipRanks’ Stock Analysis page.