• $7 million returned to shareholders through dividend
• Cue achieved 1,700 boe/d production, with cash receipts up 17% to $15.3 million
• Successful drilling of Mereenie and Mahato development wells

Cue Energy Resources Ltd has reported its quarterly activities for the period ended 31 March 2025. The company achieved overall production of 1,700 boe/d, with cash receipts up 17% to $15.3 million. Cue returned $7 million to shareholders through a 1 cent per share dividend, bringing total dividends paid to $28 million over the past 18 months. The company maintains a strong balance sheet, with $11.1 million in cash and no debt. Development activities included the successful drilling and completion of the Mereenie WM29 and WM30 wells, which added 9TJ/d of additional initial gas production. In Indonesia, three development wells were drilled in the Mahato PSC's PB Field as part of the ongoing approved development plan. Cue is also making progress towards a Final Investment Decision on the Paus Biru gas development and the Sampang PSC extension, with the potential for Cue to increase its participating interest in the Sampang PSC. The company's onshore Australian assets saw increased cash receipts due to higher priced gas contracts, while Mahato oil production and cash receipts also increased. In New Zealand, Maari oil production rose by 9%, with cash receipts consistent with the previous quarter.

Cue is planning further drilling, including two wells in the Palm Valley field, and continues to progress the Paus Biru development and Sampang PSC extension, with the potential for Cue to increase its participating interest in the Sampang PSC.