Cue Energy Resource (ASX: $CUE) Gas Sales Agreements Announcement

Cue Energy Resource (ASX: $CUE) has signed new six-year Gas Sales Agreements (GSA) with the Northern Territory Government (NTG) for the supply of gas from Mereenie and Palm Valley fields for the period 2025-2030. The agreements aim to mitigate the risk of NGP closure in 2025 and support further investment in field production through the drilling of new wells.

Executive Commentary on Gas Sales Agreements

Cue Energy CEO, Matthew Boyall, commented: 'Cue is proud to supply Northern Territory gas to Territorians. The contracts underscore the importance of the Amadeus gas fields for Territory energy security and provide the confidence to facilitate further investment to increase gas production.'

Summary of Cue Energy Resource (ASX: $CUE) Announcement

Cue Energy Resource (ASX: $CUE) has successfully secured new Gas Sales Agreements (GSA) with the Northern Territory Government (NTG) for the supply of gas from Mereenie and Palm Valley fields for the period 2025-2030. The agreements not only ensure gas supply to the NTG but also provide support for further investment in field production through the drilling of new wells. The company's CEO, Matthew Boyall, expressed pride in supplying Northern Territory gas and highlighted the significance of the Amadeus gas fields for Territory energy security. Cue Energy Resource looks forward to increasing gas production in line with these agreements and contributing to the region's energy needs.