Strategy and Values
Cue Energy Resources Limited is an oil and gas production and exploration company with a diversified mix of gas and oil production assets in Australia, Indonesia and New Zealand and exploration assets in Australia. Offices are located in Melbourne, Australia and Jakarta, Indonesia.
It is Cue’s objective to develop a robust and substantial energy company through maximising the value of existing assets and acquiring or developing production assets.
In line with this strategy, in 2021 Cue added 2 new production assets to expand its portfolio.
The PB oilfield in the Mahato PSC started production as a result of successful exploration in 2019. Cue recognised the potential for this area when its interest was acquired in 2015.
Expansion onshore Australia occurred in October 2021 with the acquisition of interest in Mereenie, Palm Valley and Dingo fields onshore Australia. These fields offer immediate production revenue with gas sales into the strong Eastern Australia gas market, and multiple opportunities for growth through development and exploration.
Over the last 4 years, Cue has participated in 8 development wells and 4 exploration wells, with more planned in the near future.
The Company’s values are the guiding principles that it operates under and define what it requires from its directors, employees, and related parties;
Safety: We will demonstrate a commitment to safety by promoting safe practices and behaviours;
Integrity: We are open, honest and transparent and act with integrity and fairness in all our dealings;
Respect: We respect and recognise team members, stakeholders and partners and their role in our business. We will treat one another with dignity and understanding;
Passion: We are proud to be part of a team that is passionate about doing our best and making a positive contribution each day.