• Cash receipts increased to $13.6 million, up from $12.0 million last quarter
• Total production rose to 138.1 kboe, driven by higher Mahato oil production
• Palm Valley drilling campaign has commenced to evaluate additional gas resources
• Four wells underway or planned across Cue's core producing assets
• Horizon Oil completed takeover offer, acquiring a 57.03% interest in Cue

CUE Energy Resources Ltd. reported stronger production and cash generation during the quarter ended 30 June 2026. Total production increased to 138.1 kboe, up from 119.5 kboe in the previous quarter, driven by higher Mahato oil production and increased Maari production following a successful workover. Cash receipts rose to $13.6 million, and the company ended the quarter with $15.7 million in cash. Drilling campaigns have commenced at Palm Valley and Mahato to evaluate additional gas resources and develop new production opportunities. Horizon Oil completed its takeover offer, acquiring a 57.03% interest in Cue and bringing new directors with extensive experience in oil and gas.

FY2027 production targets not specified, but multiple near-term growth catalysts identified

CUE Energy Resources Ltd. expects to continue focusing on maximizing value from its existing assets and pursuing disciplined growth opportunities, with a strong pipeline of activity ahead.