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CUE Energy Resources Ltd

ASX:CUE
A$0.105Close 7 Oct 2026 · delayed

Past year: ▼ 5%(9.90c – 14.5c AUD)

Market cap
A$73.8m
Shares on issue
703m
In-ground value
—
Risked multiple
under review
Story beats
249 since 2006
Last event
27 Aug 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

20 Feb 2026material agreement● Neutral

Operator Central says the deadline for binding NT Power and Water gas sales agreements is extended from 20 February to 2 March 2026. Repeats Cue's news; the agreements are still unsigned.

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20 Feb 2026material agreement● Neutral

Cue says the Mereenie and Palm Valley ventures agreed with NT Power and Water to extend the deadline for binding gas sales agreements from 20 February to 2 March 2026. The deal is still unsigned; no reason is given.

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11 Feb 2026investor presentation● Neutral

Webinar presentation repeating FY25 results and the NT letter of intent with four planned wells. Updates cash to A$11.2m (31 Dec 2025), share price 11.5c and market cap A$80.5m. Adds no new developments.

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15 Dec 2025material agreement▲ Good

Partner Horizon says the Mereenie venture signed a binding letter of intent with NT Power and Water for two new Mereenie wells, drilling targeted mid-2026, with gas terms through 2034. Binding agreements are targeted by 20 February 2026. Repeats Cue's news.

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15 Dec 2025material agreement▲ Good

Operator Central says the ventures signed a binding letter of intent with NT Power and Water for a four-well program, drilling targeted mid-2026. Non-binding gas terms run to 2034, with binding agreements targeted by 20 February 2026. Repeats Cue's news from the operator.

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15 Dec 2025material agreement▲ Good

Partner Echelon says the Mereenie and Palm Valley ventures agreed non-binding terms with NT Power and Water for gas sales to end-2034, enabling four new wells. Echelon's net firm supply is up to 19.1 PJ, plus up to 13.3 PJ from new wells. Repeats Cue's news.

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15 Dec 2025material agreement▲ GoodMajor

Mereenie and Palm Valley ventures signed a binding letter of intent with NT Power and Water for four wells (two each field), drilling from mid-2026, with conditional gas terms to 2034. Builds on the October McArthur River deal; binding sales agreements are still to be signed.

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22 Oct 2025director officer appointment● Neutral

Gregory Bishop joins the board as an independent non-executive director, effective immediately after the AGM. He was a KPMG partner for 27 years and most recently CEO of Texel Air Australasia.

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22 Oct 2025investor presentation● Neutral

AGM presentation repeating FY25 results (revenue A$54.8m, profit A$6.3m), A$10.8m cash with no debt, 1.5c dividend and 11.1 mmboe of 2P+2C resources. Share price 11.5c, market cap A$80.4m. Adds no new developments.

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21 Oct 2025material agreement▲ GoodMajor

Mereenie venture signed a gas deal with McArthur River Mining for 2026-2027: 0.37 PJ firm gas net to Cue (7.5%), take-or-pay, plus as-available gas, CPI-indexed. Adds new gas sales after the lapsed Arafura deal, though Cue's share is small.

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21 Oct 2025material agreement▲ Good

Operator Central says the Mereenie venture signed a firm, take-or-pay gas deal with McArthur River Mining for 2026-2027, up to 4.9 PJ in total. Central says its own expected firm gas for those two years is now fully contracted. Repeats Cue's news.

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21 Oct 2025material agreement▲ Good

Echelon says the Mereenie joint venture signed a gas deal with McArthur River Mining: firm gas (2.1 PJ net to Echelon) plus as-available gas for 2026-2027. Firm gas is take-or-pay and CPI-indexed. Repeats Cue's news from its partner's side.

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21 Oct 2025material agreement▲ Good

Horizon, a Mereenie partner, says the venture signed a 4.9 PJ gas deal with McArthur River Mining for 2026-2027, with take-or-pay terms and fixed price. Repeats Cue's news from a partner.

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19 Sept 2025annual report● Neutral

2025 Annual Report, repeating the already-released FY25 results: revenue A$55m, A$14m dividends paid, Maari permit extended to 2037. Says the Paus Biru FID process has final administrative steps underway.

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10 Sept 2025investor presentation● Neutral

Conference presentation repeating FY25 results, dividends and growth plans (Paus Biru FID, Mahato drilling). Notes share price of 11.5c and market cap of A$80.4m. Adds no new developments.

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28 Aug 2025resource reserve update● NeutralMajor

Reserves at 1 July 2025: Cue's net 2P is 5.5 mmboe, down from 6.3 mmboe a year earlier, which the statement describes as flat apart from production. Maari and Mereenie rose, Sampang fell on faster decline. Mahato Telisa adds 0.8 mmboe contingent resource.

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27 Aug 2025regulatory community update▲ GoodMajor

New Zealand approved a 10-year extension of the Maari permit (Cue 5%) to December 2037, resolving the open extension request. August production averaged 5,600 bopd, the highest month in over five years, after workovers restored the offline wells.

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22 Aug 2025annual report● Neutral

Appendix 4G governance checklist lodged with the annual report, confirming the corporate governance statement is on Cue's website and approved by the board as at 22 August 2025. Administrative filing with no new business information.

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22 Aug 2025dividend declaration● Neutral

Echelon, which holds 49.97% of Cue, says it expects about A$1.75m from Cue's 0.5c final dividend, payable 25 September 2025. Repeats Cue's dividend news from Echelon's side.

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22 Aug 2025annual report● NeutralMajor

FY2025: revenue up 10.4% to A$54.8m, but net profit fell to A$6.3m from A$14.2m. Cash was A$10.8m with an unmodified audit. A 0.5 cent final dividend is payable 25 September 2025, after the 1 cent interim.

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22 Aug 2025annual report● Neutral

FY2025 result: revenue up 10% to A$54.8m, but profit fell to A$6.3m from A$14.2m on A$9.9m higher production costs. Final dividend cut to 0.5c (A$3.5m); total 1.5c for the year. Two Mahato wells drilled after year end added about 2,000 bopd.

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16 Apr 2025material agreement termination▼ Bad

Operator Central says the Arafura gas supply agreement lapsed because Arafura did not reach a final investment decision by 31 March 2025. The Mereenie joint venture will now market that firm gas from 2028 to other customers.

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16 Apr 2025material agreement termination▼ Bad

Echelon, Cue's roughly 50% shareholder, says the Arafura gas agreement lapsed and the Mereenie joint venture will re-market the gas. Says it parted with Arafura on good terms. Repeats the operator's news.

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16 Apr 2025material agreement termination▼ BadMajor

Cue confirms the conditional Arafura gas agreement lapsed, as Arafura's final investment decision was not made. This ends the extended condition from February. The joint venture, in which Cue holds 7.5%, will market the 2028 firm gas to other customers.

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16 Apr 2025material agreement termination▼ Bad

Horizon, a Mereenie partner, says the Arafura gas agreement lapsed after the 31 March 2025 condition was missed. The joint venture will re-market the 2028 firm gas. Repeats the operator's news.

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27 Mar 2025investor presentation● Neutral

Investor presentation repeating the half-year result: A$27.1m revenue, A$17.1m cash, no debt, and A$28m (4 cents per share) returned since the start of FY24. No new information is disclosed.

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7 Mar 2025production update▲ Good

Operator Central says Mereenie WM30 was brought online on 26 February, producing over 4 TJ/d against about 3 TJ/d pre-drill. Field sales capacity is now about 32 TJ/d, and the two-well program came in under budget.

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7 Mar 2025production update▲ GoodMajor

Cue relays that WM30 is online at over 4 TJ/d, beating the 3 TJ/d pre-drill figure. With WM29, the wells add about 9 TJ/d (versus up to 6 TJ/d expected), taking Mereenie capacity to 32 TJ/d. Cue holds 7.5%. Largely repeats the operator.

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25 Feb 2025half year report● NeutralMajor

Half-year to 31 Dec 2024: revenue A$27.1m (down 7.4%), profit after tax A$4.3m (down 52.2%), cash A$17.1m. A 1 cent per share interim dividend (about A$7m) was declared, payable 26 March 2025. Profit hit by higher production costs and lower revenue.

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25 Feb 2025half year report● Neutral

Media release on the half-year result: revenue A$27.1m, EBITDAX A$15.2m, profit A$4.3m (prior A$9.1m), cash A$17.1m and a 1 cent interim dividend. Repeats the Appendix 4D, adding that Cue may lift its Paus Biru interest by 10% before FID.

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