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Cue Energy Resources (AU:CUE) — Company Overview, News & Financial Data

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Company profile

Cue Energy Resources

About

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Cue Energy Resources (ASX:CUE) is an Australian-based oil and gas production and exploration company with a diversified mix of assets in Australia, Indonesia, and New Zealand. The company's operations are focused on maximising the value of its existing assets, building organisational capability, aggressively pursuing the capture of new exploration acreages, developing a balanced portfolio of exploration, development, and production assets, and actively pursuing value-accretive acquisitions.

Snapshot

Public AUOwnership
1981Year founded
15Employees
Melbourne, AustraliaHead office
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Global footprint

Operations

All Locations
Melbourne, AU

Products and/or services of Cue Energy Resources

  • Amadeus Basin (Australia): Cue has interests in three production assets, Mereenie, Palm Valley, and Dingo Fields, situated in the Amadeus Basin within onshore Northern Territory.
  • Maari/ Manaia Oilfields: Cue holds a 5% interest Petroleum Mining Permit (PMP) 38160 which contains the Maari and Manaia producing oilfields, and is located in the Taranaki Basin, approximately 80 km offshore New Zealand. The current production output from the fields stands at about 5000 barrels of oil per day, extracted from seven production wells.
  • Mahato Production Sharing Contract (Indonesia): Cue holds a 12.5% interest in the Mahato PSC located in Central Sumatra, Indonesia. Oil production from the PB field within the PSC has been ongoing since early 2021, following the drilling of discovery wells in late 2019.
  • Sampang Production Sharing Contract (Indonesia): Cue holds a 15% interest in the Sampang Production Sharing Contract (PSC) situated in the Madura Strait, East Java, Indonesia. This encompasses two operational gas fields, Oyong and Wortel, along with the Paus Biru gas discovery.

Cue Energy Resources executive team

  • Mr. Matthew BoyallChief Executive Officer
  • Ms. Anita Addorisio CFTP Snr, CPA, FAIM, FCPA, MACC, MAICDCompany Secretary