Past year: ▼ 5%(9.90c – 14.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2025drilling result▲ Good
Horizon, a Mereenie partner, reports WM30 completed with air-drilling to 1,331 m TVDRT and tie-in expected toward end of February. Says the two-well program finished safely, on time and within budget. Repeats operator news.
19 Feb 2025drilling result▲ Good
Central says Mereenie WM30 was drilled to 1,620 m through the Pacoota-3 target and the rig released, with tie-in expected early March. WM29 has stabilised at about 5 TJ/d. WM30 expected in line with pre-drill; program forecast under budget.
19 Feb 2025drilling result▲ Good
Cue confirms Mereenie WM30 was drilled to 1,620 m and the rig released, ending the two-well program, which is forecast under budget. WM29 is online at about 5 TJ/d. WM30 tie-in is expected in early March. Cue holds 7.5%.
19 Feb 2025drilling result▲ Good
Echelon, Cue's roughly 50% shareholder, relays that WM30 is complete and will be tied in, with WM29 stable at about 5 TJ/d. Expects field capacity above 30 TJ/d. Repeats the operator's news with enthusiastic commentary.
3 Feb 2025material agreement▼ Bad
Cue says the condition date for the conditional Arafura gas supply agreement is extended again, from 4 February 2025 to 31 March 2025. The Arafura condition is still unmet and has now slipped a second time.
22 Jan 2025well test result▲ GoodMajor
Central says WM29 began flowing to sales on 20 January 2025, testing about 7 TJ/d over two hours, more than double the 3 TJ/d pre-drill expectation. Output is limited to 6 TJ/d by the wellhead equipment. WM30 is drilling, with sales targeted for early March.
22 Jan 2025well test result▲ Good
Echelon, Cue's roughly 50% shareholder, relays that Mereenie WM29 began sales on 20 January 2025 after a ~7 TJ/d test, choked to 6 TJ/d. Repeats the operator's result; adds only commentary on the drilling approach.
22 Jan 2025well test result▲ GoodMajor
Cue reports Mereenie WM29 began gas sales on 20 January 2025, testing about 7 TJ/d and held at 6 TJ/d by equipment limits, double pre-drill expectations. Should lift field capacity to the 30 TJ/d target. Cue holds 7.5%; WM30 drilling.
16 Jan 2025drilling progress report● Neutral
Horizon, a Mereenie partner, reports WM29 completed to 1,326.3 m TVDRT with tie-in expected toward end of January, and WM30 spudded 16 January. Repeats the operator's news with some well detail; nothing new for Cue.
16 Jan 2025drilling progress report▲ Good
Cue relays that Mereenie WM29 is completed and WM30 spudded on 16 January 2025. The wells are expected to restore field capacity above 30 TJ/d. Cue holds 7.5%. Repeats the operator's update.
16 Jan 2025drilling progress report▲ Good
Operator Central says Mereenie well WM29 was air-drilled and completed across the Pacoota-3 sandstones, with tie-in expected late January, earlier than planned. Second well WM30 spudded on 16 January 2025. Wells aim to restore capacity above 30 TJ/d.
20 Dec 2024material agreement● Neutral
Horizon relays that the Arafura gas agreement condition date moves from 31 December 2024 to 4 February 2025. Repeats Central's release with no new information.
20 Dec 2024material agreement● Neutral
Arafura says the condition date under its Mereenie gas supply agreement for the Nolans project moves from 31 December 2024 to 4 February 2025. Repeats the extension already announced by Central and Cue; no new information.
20 Dec 2024material agreement● Neutral
Cue confirms the condition date for the conditional Arafura gas supply agreement, previously 31 December 2024, is extended to 4 February 2025. The condition (Arafura's investment decision) remains unmet; this is Cue's own filing of the delay already announced by Central.
20 Dec 2024material agreement● Neutral
Echelon relays that the Arafura gas agreement condition date moves from 31 December 2024 to 4 February 2025. Repeats Central's release with no new information.
19 Dec 2024material agreement● Neutral
Central says the condition date for the Arafura gas agreement, previously Arafura's investment decision by 31 December 2024, is extended to 4 February 2025. A short delay to the open Arafura thread; the condition is still unmet.
5 Dec 2024drilling spud● Neutral
Horizon, a Mereenie partner, confirms the WM-29 spud on 5 December 2024 with the Ventia 101 rig, for a two-well campaign of about two to three months. Repeats Central's and Cue's news and adds nothing new for Cue.
5 Dec 2024drilling spud▲ Good
Cue confirms drilling began on 5 December at WM29, the first of two Mereenie wells, expected to take two to three months. Up to 6 TJ/d (100%) of extra gas can be sold firm under the NT Government agreement. Cue holds 7.5%.
5 Dec 2024drilling spud▲ GoodMajor
Operator Central says WM29, the first of two Mereenie development wells, spudded on 5 December 2024. The wells aim to restore capacity above 30 TJ/d and produce at least 25 PJ gross, with extra gas sellable under the NT Government agreement.
3 Dec 2024drilling result▼ BadMajor
The PC-01 exploration well in the Mahato PSC, drilled to 5,800 ft, found no hydrocarbons in testing of the Bekasap formation despite zones of interest on logs, and was plugged and abandoned. A dry hole for the exploration well flagged in the quarterly.
19 Nov 2024other● Neutral
Cue lodges its revised Securities Trading Policy, approved by the board on 14 November 2024, as the listing rules require. Administrative filing with no operational or financial information.
12 Nov 2024drilling spud● NeutralMajor
The PC-01 exploration well in the Mahato PSC spud on 4 November 2024, targeting the Bekasap sandstone at about 4,800 ft, with a depth of 5,600 ft expected. Cue holds 11.25%. A near-field test beside the PB field, which makes over 6,000 bopd gross.
29 Oct 2024admin correction● Neutral
Amended AGM presentation: page 10 now specifies the contingent resources are 2C, footnotes amended, and a reserves and resources statement added as Appendix 1. Corrective filing with no new operating news.
23 Oct 2024investor presentation● Neutral
AGM presentation largely repeats the October investor deck, updated for cash of A$12.8m at 30 September 2024 and no debt. Restates 10 FY25 development wells and Mahato exploration. No new operational news.
8 Oct 2024investor presentation● Neutral
October 2024 investor presentation repeats FY24 results (revenue A$49.7m, EBITDAX A$32.8m, 631 mboe, A$21m dividends), cash A$16.3m and no debt. Restates 10 development wells in FY25, 6 approved for FY26, and Mahato exploration drilling. No new information.
30 Sept 2024annual report● Neutral
Published 2024 annual report repeats known results: revenue A$49.7m, profit A$14.2m, EBITDAX A$32.8m, net cash A$16.3m, 631 mboe, A$21m dividends declared. Chairman notes A$4m of debt was repaid in the first half.
23 Aug 2024annual report▲ Good
FY2024 results: revenue A$49.7m (down 3.8%), profit A$14.19m (down 6.7%), EBITDAX A$32.8m, cash A$16.26m. A 1-cent final dividend (about A$7m) was declared, payable 26 September 2024, with an unmodified audit opinion.
23 Aug 2024other● Neutral
Corporate governance checklist (Appendix 4G) lodged alongside the annual report. Administrative filing with no new information on operations or finances.
23 Aug 2024dividend declaration▲ GoodMajor
Cue declares a 1 cent final dividend (about A$7m), paid 26 Sept 2024, on top of the 2 cent special paid in April, so A$21m is returned for FY2024. Production was 631 mboe; 10 development wells planned in FY2025.
23 Aug 2024dividend declaration● Neutral
Echelon Resources says it expects about A$3.5m from Cue's 1 cent final dividend, paid 26 September 2024. States it holds 50.03% of Cue. Relays Cue's news with no new information.
