With the oil price back to ~$50/bbl CUE have had their moment in the sun and failed to make hay IMO . Mind you the CEO didn't miss the chance to top up his already generous salary.
The fixed remuneration for Matthew Boyall was increased to $360,000 plus statutory Superannuation, effective 1 October 2018;
The Short-Term Incentive was amended to a target incentive of 30% of base salary, effective 1 January 2019; and
The Long-Term equity incentive was set at 50% of base salary with specific terms yet to be determined.
With the oil price having dropped by 1/3 I'd be interested to hear thoughts on current production costs? Are CUE still making money or are they now digging into their cash reserves?
Ann: Quarterly Reports for Period Ended 30 September 2018, page-6
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