Just a matter of joining the dots, O.G Oil and Gas is a branch...

Just a matter of joining the dots, O.G Oil and Gas is a branch of Ofer, who own New Zealand Oil and Gas (NZOG), who have the controlling interest in Cue. OG Oil & Gas has purchased 40% of Beach Energy’s assets in the Otway Basin. Beach energy has a farm in agreement of Cues Ironbark tenament along with BP. In the upcoming meeting NZOG with majority stake will vote to allow for a capital raise.

Ofer has stated their mission is to expand their oil and gas assets, Cue has stated Ironbark is a potentially a company changing tenament, due to expire mid next year if work doesn't commence. 

The stars are aligning for Ironbark to go ahead, Ofer and NZOG have massive warchests, which means if a capital raise is required, it could be at a much higher price than now. NZOG need to contribute >50% to maintain their controlling interest. It looks to me as though the price is being slowly pushed upwards in preparation for a raise at a higher price to allow for maximum funding of the new tenement. Ofer manufacture offshore rigs, maybe they want Cue to have a larger stake in Ironbark than we think.

Cue could potentially produce an EBITDA of 10 mill in 2019, with ~ $20 mill in the bank, and top 2 shareholders owning 70%. This isn't accounted for in the current price, add Ironbark into the mix and high gas prices this will rerate.

The volume of trades we are seeing now hasn't been seen for 2 years since the BP farm in was announced. Something big is coming, someone knows something, and it's good to be sitting pretty here.

All IMO, conspiracy theory alert.