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Cue Energy Resources Limited ( (AU:CUE) ) has provided an update.
Horizon Oil and its Mereenie Joint Venture partners have reached an agreement with the Northern Territory’s Power and Water Corporation to extend the deadline for finalising a binding gas sales agreement. The execution date has been pushed back from 24 March 2026 to 1 April 2026, giving the parties additional time to conclude commercial terms that will shape future gas supply from the Mereenie field and provide greater certainty for both the project and the territory’s energy system.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.15 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 energy company focused on the exploration, development and production of oil and gas resources. Listed on the ASX, the company participates in joint ventures such as the Mereenie gas project in the Northern Territory, supplying energy to regional utility and industrial customers.
Average Trading Volume: 550,925
Technical Sentiment Signal: Buy
Current Market Cap: A$94.47M
See more insights into CUE stock on TipRanks’ Stock Analysis page.