An update from Cue Energy Resources Limited ( (AU:CUE) ) is now available.
Horizon Oil Limited announced that the gas supply agreement for Arafura’s Nolans rare earths project has lapsed due to unmet conditions. As a result, Horizon and its Mereenie joint venture partners will re-market the gas production intended for the Nolans project to other customers, starting in 2028, across the Northern Territory and the East Coast. This decision follows delays in Arafura’s final investment decision, impacting the project’s timeline and Horizon’s operational plans.
More about Cue Energy Resources Limited
Horizon Oil Limited operates in the energy sector, focusing on the exploration, development, and production of oil and gas. The company is involved in joint ventures and supplies energy resources, particularly in the Northern Territory and the East Coast of Australia.
YTD Price Performance: 8.89%
Average Trading Volume: 416,133
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$68.51M
Learn more about CUE stock on TipRanks’ Stock Analysis page.