re: News: Cue Energy Resources Limited (ASX:CU... Mark Paton, CEO
the topic was: GOOD TO GREAT
how they intend to achieve the aim of building market capital from current $160m to about $1B in 3-5years.
(Quoted "managing problems can only lead to GOOD, whereas building opportunities can lead to GREAT")
How?
Currently: only 8 employees, $68m cash, $40m pa net cashflow. Modest reserves, and most are in production already.
Can either buy companies (cheap ATM) or buy assets (expensive ATM).
They will stay with:
- Conventional Oil & gas
- Australasia & AsiaPacific
- continue with quality JV partners
Change:
- move from exploration-led to production/profit driven
- move to higher equity, from 5-15% to 20-50%
- these two will lead to increasely being asked to be operator (requiring more employees)
Looking at companies who lack the cash to develop.
Looking aquiring in the appraisal & development phase, not exploration phase.
Can fund drilling from existing cashflow & reserves
Probably start as operator onshore before offshore.
re: News: Cue Energy Resources Limited (ASX:CU... Mark Paton,...
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