Past year: ▼ 5%(9.90c – 14.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Aug 2026resource reserve update▼ BadMajor
Cue's 2P reserves fall to 4.5 MMboe from 5.5, after 0.6 production and 0.4 net downgrades, using Horizon's review processes. About 2.4 MMboe of Paus Biru/Jeruk 2C resources are removed on Cue's stated Sampang exit in Dec 2027. A$3-5m impairment and ~A$4m Paus Biru write-off expected.
27 July 2026drilling spud▲ Good
Echelon, a 35% Palm Valley partner, reports PV-14 spudded 25 July 2026 as the first of two wells (PV-14 and PV-15). It repeats the 4.5-month program, 14 TJ/d capacity and at least 10 PJ gross, with gas sold under the NT Government deal.
27 July 2026drilling spud▲ GoodMajor
Cue confirms PV14 spudded 25 July 2026 at Palm Valley, where it holds 15%. First gas sales are targeted for October 2026. This follows the April NT Government gas deal. Cue says a Mahato two-well program is underway.
27 July 2026drilling spud▲ Good
Operator Central Petroleum says PV14, the first of two Palm Valley wells, spudded 25 July 2026. The campaign is expected to take about 4.5 months, targeting about 14 TJ/d plant capacity and at least 10 PJ gross. Same event as Cue's announcement.
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.
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.
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.
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.
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.
15 Aug 2024drilling scheduled▲ GoodMajor
Cue confirms the Mereenie JV approved WM-29 and WM-30, about 30 days each to roughly 1,500m, drilling late 2024 or early 2025. Cue's 7.5% share is $2.4m, funded from cash. This resolves the open WM29/WM30 planning thread.
15 Aug 2024drilling scheduled▲ Good
Central, as operator, says the Mereenie JV approved two development wells, WM29 and WM30, after the NT gas deals. They aim to lift capacity above 30 TJ/d from 27 TJ/d, with drilling around end-2024 and gas in the first half of 2025.
17 June 2024drilling scheduled● Neutral
NZOG relays Cue's announcement of approval for 14 more Mahato PB development wells. Nothing new; Cue holds 12.5% of Mahato per this text.
17 June 2024drilling scheduled▲ GoodMajor
SKKMigas approves Mahato Phase 2: 14 more development wells in the PB field, with the first already started and full program expected in 12-18 months. Field is above 6,000 bopd gross; costs are recoverable under the PSC. Cue interest subject to a pending transfer to Riau Petroleum.
24 Aug 2023drilling result▼ Bad
NZOG relays Cue's report that BA-01 found no hydrocarbons in four tested zones and has been plugged and abandoned. Duplicate of Cue's 23 August release. Cue holds 12.5%.
23 Aug 2023drilling result▼ BadMajor
BA-01 is a dry hole: four zones in the Duri and Bekasap formations tested no hydrocarbons at 2,800 ft, and the well is plugged and abandoned. Ends the exploration well expected to rival the PB discovery. Focus returns to PB development drilling.
4 Aug 2023drilling spud● NeutralMajor
BA-01 exploration well spudded 28 July 2023 after delays, with surface hole drilled to about 100 ft. It is expected to reach 2,800 ft in around 20 days. Best-case oil in place is 93 mmbbl; Cue holds 12.5%.
27 July 2023resource reserve update▲ GoodMajor
Cue's net 2P reserves rise 14% at Palm Valley to 3.8 PJ (0.6 mmboe) after the PV-12 well, and 13% at Dingo to 6.4 PJ (1.0 mmboe). Palm Valley contingent resource of 2.1 PJ falls to 1.4 PJ as some moves into reserves. Cue holds 15%.
27 July 2023resource reserve update▲ Good
NZOG, Cue's 50.04% shareholder, reports Palm Valley 2P reserves up 14% and Dingo up 13% on its net 50% basis. Palm Valley gain follows the PV-12 well. This is the parent's view of the same upgrade Cue reported.
27 July 2023resource reserve update▲ Good
Central Petroleum, operator of Palm Valley and Dingo, lifts its 2P gas reserves 8%. Palm Valley 2P is up 2.4 PJ after PV-12 and Dingo up 3.5 PJ. Operator-level confirmation of the upgrades behind Cue's 15% interests; not a Cue announcement.
21 July 2023drilling scheduled▲ Good
Rig for the BA-01 exploration well is over 80% rigged up and final environmental clearances are received; spud is expected within a week. Resolves the clearance condition on the long-delayed well. Best-case oil in place is 93 mmbbl; Cue holds 12.5%.
19 May 2023drilling result▲ Good
NZOG relays Cue's news that Mahato PB-20 is producing 800 bopd and field output is 33% higher than at the start of FY2023. Five more production wells are planned this year. Cue holds 12.5%. Duplicate of Cue's release.
19 May 2023drilling result▲ Good
Mahato PB-20 is producing about 800 bopd, the eighth well of the campaign. Field output is about 6,300 bopd, up 33% since the start of FY2023. Five production wells and two injection wells remain; PB-14 is drilling. Cue holds 12.5%.
