CUE 4.76% 10.0¢ cue energy resources limited

revenue up 43%, page-5

  1. 13,963 Posts.
    lightbulb Created with Sketch. 1047
    People probably need to remember the govt take from Oyong/Wortel due for a big step up.

    But I like the cash flow, and I believe they have and continue to make an appropriate level exploration effort for he companies size. A little more would be nice.

    I inferred from the report that they were looking to acquire more exploration opportunities in preference to development opportunities. I am happier with this approach, assuming the door is still left open for opportunistic acquisition of small development interests (as was the case with Maari).

    EL
 
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