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Cue Energy Resources Limited ( (AU:CUE) ) has provided an update.
Horizon Oil Limited and its Mereenie Joint Venture partners have reached an agreement with the Northern Territory’s Power and Water Corporation to extend the deadline for signing a binding gas sales agreement tied to the Mereenie project. The execution date has been pushed from 2 March 2026 to 24 March 2026, providing additional time for commercial and contractual finalisation, and signalling that negotiations remain active and potentially material for Horizon’s future gas sales and regional supply arrangements.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.14 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 is an Australia-based oil and gas exploration and production company listed on the ASX, with assets including participation in the Mereenie Joint Venture in the Northern Territory. The company focuses on supplying hydrocarbons to regional energy markets, working with local utilities and partners to support domestic gas demand and power generation needs.
Average Trading Volume: 333,477
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$90.97M
For a thorough assessment of CUE stock, go to TipRanks’ Stock Analysis page.