Cue Energy Resources Limited
AASX:CUE0.10
AUD
+0.00
(-1.02%)
ISIN
AU000000CUE9
Return %
Stock
S&P 500
1Y
-11.82
14.20
3Y
51.56
81.12
5Y
36.62
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Matthew Boyall
- Full Time Employees
- 14
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 10-16 Queen Street Melbourne VIC Australia 3000
- IPO Date
- Dec 11, 1995
- Website
- cuenrg.com.au
- Similar Companies
- Business
- Cue Energy Resources Limited (ASX:CUE) is an oil and gas exploration, development and production company focused on petroleum assets in Australia, Indonesia and New Zealand; it holds non-operated interests in the Mereenie gas and oil field (7.5%, OL4/OL5), Palm Valley gas field (15%, OL3) and Dingo gas field (15%, L7) in the Amadeus Basin onshore Northern Territory, Australia, producing gas supplied to the Northern Territory power stations and broader eastern Australian market via the Northern Gas Pipeline; the Mahato Production Sharing Contract (11.25%) in the Central Sumatra Basin, Indonesia, with the PB oil field producing from Bekasap reservoirs averaging over 7,000 barrels of oil per day gross and ongoing development targeting the Telisa reservoir; the Sampang Production Sharing Contract (15%) in East Java, Indonesia, encompassing the Oyong and Wortel gas fields supplying long-term fixed-price gas to the Grati power plant alongside the Paus Biru gas development pending final investment decision; and the Maari/Manaia oil fields (5%, PMP38160) offshore New Zealand, producing oil exported internationally with cumulative output exceeding 50 million barrels since 2009. Founded in 1981 and headquartered in Melbourne, Australia, with an office in Jakarta, Indonesia, the company derives revenue from diversified production streams including gas sales under multi-year contracts, oil liftings and cost recoveries, reporting FY2025 revenue of $54.8 million, EBITDAX of $30.3 million and net profit after tax of $6.3 million from 602 thousand barrels of oil equivalent produced. Recent developments include drilling two successful Mereenie development wells (WM29 and WM30) exceeding expectations to boost gas output, execution of six-year gas sales agreements with the Northern Territory Government from January 2025, 11 new Mahato wells brought online under the Field Development Optimisation Plan Phase 2 with Telisa contingent resources of 0.8 million barrels identified for future growth, Maari permit extension to 2037 enabling production optimization up to 5,600 barrels per day gross in August 2025, advancement toward Paus Biru FID with potential 10% interest increase for Cue following Singapore Petroleum Sampang's exit from Sampang PSC upon 2027 expiry, $14 million in dividends paid plus a final 0.5 cents per share dividend, and 2P reserves steady at 5.5 million barrels of oil equivalent as of June 30, 2025.