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Cue Energy Resources Limited ( (AU:CUE) ) has provided an announcement.
Cue Energy Resources Limited reported a strong financial performance for FY2025, with a 10% increase in revenue to $55 million, despite challenges from declining Brent oil prices. The company has successfully bolstered production through strategic drilling in Australia and Indonesia, and secured a 10-year extension for its Maari field permit in New Zealand. Looking forward, Cue is poised for further growth with plans to increase its interest in the Paus Biru development and initiate new projects in the Mahato and Maari fields, underscoring its robust production base and commitment to sustainable long-term value.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an Australian Securities Exchange (ASX:CUE) listed company based in Melbourne, specializing in oil and gas production and exploration. The company generates revenue from its operations in Indonesia, Australia, and New Zealand, focusing on the Mahato and Sampang PSCs, and the Mereenie, Palm Valley, Dingo, and Maari fields.
Average Trading Volume: 306,066
Technical Sentiment Signal: Buy
Current Market Cap: A$80.47M
See more data about CUE stock on TipRanks’ Stock Analysis page.