Cue Energy Resources Limited - Gas Supply Agreement Update

About this update from Cue Energy Resources Limited

Cue Energy Resources Limited (ASX:CUE) refers to its ASX announcement dated 21 September 2023 ('Cue Extends East Coast Gas Supply Agreement') and advises that the South32 gas sale agreement referred to in the announcement has become unconditional. Cue holds a 7.5% interest in the Mereenie gas field. Other participants are Central Petroleum (Operator) 25%, New Zealand Oil & Gas 42.5% and Horizon Oil 25%. Authorised by Matthew Boyall , CEO Any queries regarding this announcement should be directed to the Company on +61 3 8610 4000 or email [email protected]. Various statements in this document may constitute statements relating to intentions, opinion, expectations, present and future operations, possible future events and future financial prospects. Such statements are not statements of fact, and are generally classified as forward looking statements that involve unknown risks, expectations, uncertainties, variables, changes and other important factors that could cause those future matters to differ from the way or manner in which they are expressly or impliedly portrayed in this document. Some of the more important of these risks, expectations, uncertainties, variables, changes and other factors are pricing and production levels from the properties in which the Company has interests, or will acquire interests, and the extent of the recoverable reserves at those properties. In addition, the Company has a number of exploration permits. Exploration for oil and gas is expensive, speculative and subject to a wide range of risks. Individual investors should consider these matters in light of their personal circumstances (including financial and taxation affairs) and seek professional advice from their accountant, lawyer or other professional adviser as to the suitability for them of an investment in the Company. Except as required by applicable law or the ASX Listing Rules, the Company does not make any representation or warranty, express or implied, as to the fairness, accuracy, completeness, correctness, likelihood of achievement or reasonableness of the information contained in this document and disclaims any obligation or undertaking to publicly update any forwardlooking statement or future financial prospects resulting from future events or new information. To the maximum extent permitted by law, none of the Company or its agents, directors, officers, employees, advisors and consultants, nor any other person, accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of the information contained in this document. Reference to 'CUE' or 'the Company' may be references to Cue Energy Resources Limited or its applicable subsidiaries About Cue Energy Cue Energy Resources Limited is an Australian Securities Exchange (ASX:CUE) listed oil and gas production and exploration company based in Melbourne . Cue's H1 FY2024 revenue was $29.3 million from gas and oil production from the Mahato and Sampang PSCs, Indonesia and Mereenie, Palm Valley and Dingo fields, onshore Australia , and the Maari field, offshore New Zealand https://www.cuenrg.com.au (C) 2024 Electronic News Publishing, source ENP Newswire

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