Cue Energy Resources Limited Notes to the financial statements 30 June 2025 Note 20. Shares in subsidiaries (continued) 53 All companies in the Group have a 30 June reporting date. * Shares held by Cue Mahakam Hilir Pty Ltd Note 21. Interests in joint operations Cue Interest Cue Interest Permit expiry Property Operator 2025 (%) 2024 (%) date Indonesia Mahakam Hilir PSC Cue Kalimantan Pte Ltd 100* 100* 15/04/2021 Sampang PSC Medco Energi Sampang Pty Ltd 15 (8.18 Jeruk Field) 15 (8.18 Jeruk Field) 04/12/2027 Mahato PSC Texcal Energy Mahato Inc. 11.25 11.25 20/07/2042 New Zealand PMP38160 OMV New Zealand Limited 5 5 02/12/2027 Onshore Australia Mereenie (OL4 and OL5 Production Licences) Central Petroleum 7.5 7.5 17/11/2044 Palm Valley (OL3 Production Licence) Central Petroleum 15 15 07/11/2045 Dingo (L7 Production Licence) Central Petroleum 15 15 06/07/2039 * Mahakam Hilir PSC exploration permit has expired and regulatory processes for surrender are ongoing as at 30 June 2025. Accounting policy for joint operations A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. The consolidated entity has recognised its share of jointly held assets, liabilities, revenues and expenses of joint operations. These have been incorporated in the financial statements under the appropriate classifications. Note 22. Events after the reporting period No matter or circumstance has arisen since 30 June 2025 that has significantly affected, or may significantly affect the Consolidated Entity's operations, the results of those operations, or the Consolidated Entity's state of affairs in future financial years. 65 Cue Energy Resources Limited Annual Report 2025
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