• Total production steady at 1,680 barrels of oil equivalent per day
• Strong cash balance of $11.2 million
• Letter of intent signed for long-term gas sales in Australia

Cue Energy Resources Ltd reported its quarterly activities for the period ended 31 December 2025. Total production averaged approximately 1,680 barrels of oil equivalent per day, in line with the previous quarter. The company ended the quarter with a strong cash balance of $11.2 million. Cash receipts of $9.9 million were lower this quarter due to timing and changes to the Mahato PSC lifting schedule, but this had no impact on revenue recognition. The company signed a letter of intent with Northern Territory Power and Water Corporation for long-term gas sales from the Mereenie and Palm Valley fields from 2026 to 2034, with binding agreements expected to be finalised in the current quarter. Four new Australian gas development wells are planned to be drilled starting mid-2026 to support the new gas supply commitments. In Indonesia, work continues toward a Final Investment Decision on the Paus Biru gas development, with Cue's decision point expected during the current quarter. The company also provided updates on its other assets in Australia and New Zealand.

Cue is progressing new gas sales agreements in Australia, with four development wells planned to be drilled starting mid-2026 to support the new supply commitments. In Indonesia, the company is working towards a Final Investment Decision on the Paus Biru gas development, with a decision expected in the current quarter.