Australia's Cue Energy Resources jumps on increase in gas reserves

Cue Energy Resources

27/07/2023 04:08

** Shares of Cue Energy Resources Ltd  CUE.AX  jump as much
as 6.6% to A$0.065, their highest since May 29
    ** Oil and gas explorer says gas field Palm Valley 2P's
total gas reserves increased by 14% TO 0.6 mln barrels of oil
equivalent (MMBOE) as at July 1
    ** Dingo 2P total gas reserves increased by 13% to 1.0 mmboe
as at July 1
    ** Stock posts its biggest intraday pct gain since June 27
    ** Stock down 7.6% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))