Indonesian oiler's cash halves

CUE Energy Resources ended the June quarter with almost half as much cash in the bank and revenue was off 16% as it continued to grapple with its changing fortunes, a shift in Indonesian production and plans for new drilling next year.

26 July 2017
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While oil production from Cue's fields in Indonesia and New Zealand increased 4% to 47,421 barrels, largely as due to the timing of liftings, gas production was down in Indonesia by 17% to 512 million

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