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Cue Energy Surpasses Production Targets with $4.3M Quarterly Cash Flow

3:29pm on Wednesday 29th of January, 2025 AEDT Energy
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Cue Energy Surpasses Production Targets with $4.3M Quarterly Cash Flow

3:29pm on Wednesday 29th of January, 2025 AEDT
Key Points
  • Net cash flow of $4.3 million for the quarter with $17.1 million cash on hand
  • Mereenie field well WM29 outperforms expectations with 6 TJ/d gas production
  • Mahato PSC’s first horizontal well PB-30 producing over 600 barrels of oil per day
  • Progress toward Final Investment Decision on Paus Biru gas project in Indonesia
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