Cue Energy Resources Ltd 2023 AR2
The report highlights Cue Energy Resources Limited's strong financial and operational performance for the fiscal year 2023, achieving a record revenue of $51.6 million, up 16% from the previous year. The company reported a profit after tax of $15.2 million and production of 630,000 barrels of oil equivalent, supported by new production wells in Palm Valley and the Mahato PSC. In sustainability, Cue recorded zero incidents, zero lost time injuries, and zero significant spills within its own operations. The company also advanced environmental initiatives, including installing solar panels at the Wortel platform and implementing a flare gas recovery project at Mereenie, while continuing to align its climate disclosures with TCFD recommendations.
Company: Cue Energy Resources Ltd
Sector: Energy
Country: Australia
Year: 2023
Type: AR2
Pages: 90
Cue Energy Resources Ltd
Annual Report
The report highlights Cue Energy Resources Limited's strong financial and operational performance for the fiscal year 2023, achieving a record revenue of $51.6 million, up 16% from the previous year. The company reported a profit after tax of $15.2 million and production of 630,000 barrels of oil equivalent, supported by new production wells in Palm Valley and the Mahato PSC. In sustainability, Cue recorded zero incidents, zero lost time injuries, and zero significant spills within its own operations. The company also advanced environmental initiatives, including installing solar panels at the Wortel platform and implementing a flare gas recovery project at Mereenie, while continuing to align its climate disclosures with TCFD recommendations.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2: