Cue Energy Resources Ltd. Stock Analysis CUE.AX

Cue Energy Resources Ltd. engages in the exploration, development and production of oil and gas. The company is headquartered in Melbourne, Victoria. In Australia, it has interests in three production assets, Mereenie, Palm Valley, and Dingo Fields, situated in the Amadeus Basin within the onshore Northern Territory. The Mereenie field produces gas, which is transported through the Northern Gas pipeline to serve the Eastern Australia gas market. The Palm Valley field is over 100 kilometers west of Alice Springs and produces gas, which is transported through the Amadeus and Northern Gas pipeline and sold into the Northern Territory and Eastern Australia gas markets. The Dingo field produces gas, which is processed at the Brewer Estate processing facility located near Alice Springs. In New Zealand, it holds a 5% interest in Petroleum Mining Permit (PMP) 38160, which contains the Maari and Manaia producing oilfields. In Indonesia, it holds a 11.25% interest in the Mahato PSC.