Brief: Cue Energy Resources Posts Profit For Year Attributable Up 226.1% To A$16.1 Million

Cue Energy Resources

25/08/2022 02:19

Aug 25 (Reuters) - Cue Energy Resources  CUE.AX :
    * PROFIT FOR YEAR ATTRIBUTABLE UP 226.1% TO A$16.1 MILLION
    * FY REVENUES FROM ORDINARY ACTIVITIES UP 98.0% TO A$44.4
MILLION
    * FROM START OF AUGUST, EXPECTS 10 MORE PRODUCTION WELLS TO
BE
DRILLED IN PB FIELD IN MAHATO PSC, INDONESIA
    * EXPECTS SAMPANG JV TO SANCTION PAUS BIRU GAS DEVELOPMENT
IN NEXT
FEW MONTHS
    * FIRST GAS FROM PAUS BIRU ESTIMATED FOR EARLY 2025 AT A
RATE OF
20- 25MMCFD

Source text for Eikon:  ID:nASX8QGBdc 
Further company coverage:  CUE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))