Quarterly Activities Report

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Stock CUE Energy Resources Ltd (CUE.ASX)
Release Time 29 Oct 2025, 9:33 a.m.
Price Sensitive Yes
 CUE Energy Resources Ltd Quarterly Activities Report
Key Points
  • $3.5 million dividend paid, total shareholder returns $31.5 million over 2 years
  • Total production steady at 1,650 boe/d, cash receipts up 21% to $13.5 million
  • Two new oil wells commenced production at Mahato, boosting output by 2,000 bopd
Full Summary

CUE Energy Resources Ltd has released its quarterly activities report for the first quarter of the 2026 financial year. The company delivered total production of approximately 1,650 barrels of oil equivalent per day (boe/d) for the quarter, with cash receipts increasing 21% to $13.5 million. CUE paid a $3.5 million dividend during the quarter, bringing total shareholder returns to $31.5 million over the last two years. The Mahato oil field saw production increases, with two new wells commencing production and delivering an additional 2,000 barrels of oil per day in initial output. The Maari field in New Zealand also achieved its highest monthly average production in five years, with over 5,600 barrels of oil per day recorded in August. CUE made progress on the Paus Biru development planning and Sampang PSC extension, with potential for the company to increase its interest from 15% to 25%. The company also signed a new gas supply agreement with McArthur River Mining, securing new offtake for the Mereenie joint venture during 2026-2027. CUE remains focused on disciplined capital management, value-accretive growth, and rewarding shareholders as it advances its diversified portfolio.

Guidance

CUE Energy Resources Ltd reported steady total production of approximately 1,650 boe/d for the quarter ended 30 September 2025.

Outlook

CUE Energy Resources Ltd is focused on disciplined capital management, value-accretive growth, and rewarding shareholders as it advances its diversified portfolio. The company is making progress on the Paus Biru development and Sampang PSC extension, which could see its participating interest increase from 15% to 25%.