Cue Energy (ASX:CUE) Lifts Quarterly Cash Receipts 29% to A$17.5 Million

Aditi Sarkar

29 October 2026 05:50 PM AEDT

Cue Energy (ASX:CUE) Lifts Quarterly Cash Receipts 29% to A$17.5 Million

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Highlights

Cash receipts rose 29% to A$17.5 million, supported by higher realised oil prices.
Closing cash increased to A$18.1 million.
A final dividend of 0.25 cents per share was paid, Cue's sixth consecutive dividend.
The PB-42 well at Mahato came online at 520 bopd gross, above pre-drill expectations.

Cue Energy Resources Limited (ASX:CUE) has released its activities report for the quarter ended 30 September 2026. The company reported a strong start to FY27, with higher cash receipts and a stronger cash balance, alongside progress across its oil and gas assets in Australia, Indonesia and New Zealand.

Higher Cash Receipts and Dividend

Cash receipts rose 29% to A$17.5 million, up from A$13.6 million in the previous quarter, driven by higher realised oil prices and the timing of Mahato receipts. Closing cash increased by A$2.4 million to A$18.1 million. Total production for the quarter was 121.5 kboe.

A final dividend of 0.25 cents per share, about A$1.75 million, was paid on 15 October 2026, marking Cue's sixth consecutive dividend. CEO Matthew Boyall said, "Cue has delivered a very strong start to FY27, with quarterly cash receipts increasing 29%."

Asset Updates Across the Portfolio

In Indonesia, the Mahato PSC produced about 6,300 bopd gross, with the PB-42 well coming online at 520 bopd gross, above pre-drill expectations. The Phase 3 development plan is in final government approval, and the GA-1 exploration well is expected in early 2027, subject to land access. At Sampang, compression works lifted gas sales by about 28%, although Cue expects to exit the permit at its expiry in December 2027.

In Australia, Mereenie produced in line with budget, while Palm Valley well PV14 began flowing on 23 October and PV15 is drilling, with total depth expected around mid-December. In New Zealand, Maari output averaged 4,919 bopd in September following a workover, and the next lifting has been sold at a record premium to Dated Brent.

Corporate Update and Upcoming Events

Horizon Oil acquired a 57.03% interest in Cue in July 2026, with board changes taking effect on 2 July. Non-Executive Director Richard Malcolm will retire at the conclusion of the AGM.

Upcoming events include the next Maari lifting in the second half of November, the virtual AGM on 12 November 2026, PV15 reaching total depth in mid-December and GA-1 exploration drilling in early 2027. Mr Boyall said the company is "well positioned to pursue production growth and continue delivering sustainable returns to shareholders."

Key Takeaways

Cue's cash receipts rose 29%, supported by higher oil prices and Mahato timing.
Closing cash increased to A$18.1 million, and dividends continued.
New wells at Mahato and Palm Valley support ongoing production.
Horizon Oil now holds a majority interest in Cue.

FAQs

Q: How much did Cue's cash receipts increase?

A: Cash receipts rose 29% to A$17.5 million in the September quarter.

Q: What was Cue's closing cash?

A: Closing cash was A$18.1 million at 30 September 2026.

Q: What dividend did Cue pay?

A: Cue paid a final dividend of 0.25 cents per share on 15 October 2026.

Q: Where does Cue operate?

A: Cue has oil and gas interests in Australia, Indonesia and New Zealand.

Q: Who is Cue's major shareholder?

A: Horizon Oil acquired a 57.03% interest in Cue in July 2026.

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