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CUE - CUE Energy

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Nice last hour for CUE, with about 1.5M going through and closing on 26.5 cents.

Broke through 25 cents with ease which had looked like strong resistance. Looking forward to the open tomorrow, especially if the DJIA is up and also POO.

Just got to sit back now and let it all unfold, so many goodies to come in the next few weeks...........think Mr. Market might be waking up finally.

Interestingly, todays move up came on a relatively small volume of 2.2M so if we get another big volume day, which could very well be tomorrow then the SP is going to come under some pressure. This stock is very tightly held so it will be a good test to see what this will do.

JW - absolutely stoked with things :cool::D:cool:
 
Hi JW.

Yes, CUE's travelling well with a lot to keep us interested, especially on-going drill results from Manaia.

But your comment on volume has me a bit puzzled. While 2.2m shares is not a huge number, there's only been a handful of days in the last six months when CUE turnover has been bigger. It leads me to be optimistic that relatively big volumes won't pose a problem as long as macro market conditions don't suddenly deteriorate.

I'm holding.

;)
 
hey old blue, jessica...
not the announcement we wanted but we are still headed in the right direction...
Manaia completion now would have been good for a run on the board as this is a low risk appraisal well, but M2A producer with oil flows is still good...
Oyong Gas production (1000 BOE per day to us, wow) just around the corner...
spikey beach...
watch out for more upside...
 
hello all...
shrewd crude is back...

Im still holding CUE...
anyone out there in CUE world?
CUEs financial position is changing as our company is quickly becoming a strong positive cashflow junior oiler...
:cool:
.^sc
 
Its been 3 years of waiting but CUE's time is upon us.

Nice strong finish today and with MEO JV, M2A, Maari and Oyong announcements pending, i see no reason to do anything but sit back and enjoy.

I feel there is plenty more upside left here, especially if we move in correlation with MEO & HZN.

All the best CUE family members, this wabbit has a smile from ear to ear and 500,000 shares to keep me warm at night.

JW:D:cool::D
 
new here.
any member comments welcome: how to list all posts from latest to earliest?
much thanks
It's a little hard to read from earliest to latest.
much thanks
 
With all the hype going on with MOG ,I chanced onto CUE .....many positives coming out of this share .Also took the opportunity to read a newspaper article posted on a different forum , and now I'm sucked into this play.
In no rush to sell this share .....let me to the cross if I made a mistake .....:rolleyes:
 
Welcome 3 views,

this stock can behave strangely at times and today was a good example, so make sure you keep a cool head and have patience. I know today was a down day with pressure on the markets following a 200 point smashing of the DOW but, with news out that Oyong gas has begun production i would have expected some upward movement. I think it might be because someone is trying to accumulate stock and is pushing down the price when ever possible to try and scare people into giving their shares away cheaply.

The imprtantthing is that we now have new substantial revenue pouring in from Maari and Oyong gas as well as our exisitng revenue streams. I would point out that Maari alone will bring in approximately $50 million a year for CUE if oil remains at $70.00. Considering we made a $20 million loss last year this is a BIG change for us.

Just hold your shares for a few months while the revenue accumulates and our projects unfold and you shoud see value.

Just on MOG, i traded a few myself when i saw it going gang busters and now have a small parcel at 33 cents. Going to hold that now until MEO announce the JV for Artemis.

Still holding my 500,000 CUE shares at present.

Good luck to everyone here on CUE, its been a good few years of waiting and its good to see the money rolling in.

JW :D:cool::D
 
Good news today for holders of CUE & HZN (I hold in these.)

Manaia proves fruitful for OMV

grey.gif


Neil Ritchie, New Zealand
Friday, 9 October 2009

AUSTRIA’S OMV plans to develop New Zealand’s longest well, Manaia-1, as a producer through its existing production facilities on the Maari wellhead platform off Taranaki, New Zealand.

http://media.aspermont.com.au/images/thumbnails/125px_tnmaariManaia.jpg

OMV announced the success of the 8km-long appraisal well this morning and said it should start flowing oil within the next few months.

“The well results give us cause for optimism, so we are pressing ahead with preparations to begin production as soon as possible,” OMV New Zealand managing director Wayne Kirk said.

“This is a very pleasing result given the challenging nature of the drilling we have had to undertake for Manaia-1.

“A well of this length – about 8 kilometres – had never been attempted before in New Zealand. The well path from the drilling rig to the Manaia field also added to the considerable challenge.”

The jack-up Ensco Rig 107 completed Manaia-1 – a deviated horizontal well drilled from the Maari wellhead platform – following a 48-day drilling program targeting the Eocene-aged Mangahewa formation.

The Manaia field, in exploration licence PEP 38413, is located about 10km southwest of the Maari field in mining licence PMP 38160.

“We knew there was a good chance of success as oil was first discovered there in 1970,” Kirk said, referring to the Maui-4 vertical well, which intersected a Mangahewa oil accumulation that tested at rates of about 575 barrels per day.

Maui-4 was considered uneconomic because of poor reservoir quality and low oil production rates from a well typical of that time.

“However, the type of well drilled now, our evaluation of the well data combined with the availability of the Maari production facilities now makes the Manaia discovery commercially viable,” Kirk said.

He added that OMV would not be commenting on M2A or Manaia reserves or production flow rates until a full evaluation of both discoveries had been completed. Initial results pointed to these being in line with previous expectations, though he did not detail these.

Horizon has said the Moki sands have proven and probable (2P) reserves of 60 million barrels while the M2A sands have the potential to add another 12MMbbl and the Manaia prospect another 25MMbbl to recoverable reserves.

The Maari field, about 80km southwest of Taranaki, has already flowed over 3MMbbl since production began last February.

“The extra production from the two fields will add to the sizeable benefits the development is already providing the New Zealand economy. Today’s announcements are the icing on the Maari cake,” Kirk concluded.

The Maari partners are operator OMV (69%), Todd Energy (16%), Horizon Oil (10%) and Cue Energy Resources (5%).
 
Something is up here, revenue continues to come in but share price is dropping and looks weak to me.

I think we are going to get a delay notice from MEO regarding the JV partener and there could well be information leaking. I saythis because MEO, MOG & CUE are falling is sync.

Purely speculation but if this does happen i'd say 22cents is on the cards.

See what the next few weeks brings us.

JW :cool::D:cool:
 
JeSSica WaBBit said:
Welcome 3 views,

Still holding my 500,000 CUE shares at present.

JW :D:cool::D
Click to expand...

Tell me you bought your stash @ 2 cents..........:D
this share is a valued specci to me ....not keen to sell at present .....as you are quite right revenue momentum is cashing up the registers. I was tempted to buy at 25cents ,but resisted the temptation. Plus I'm out of sync with my day trading this week,very lucklustre, just primed for the future as always JeSSica.
 
Hey all...
its good to be holding CUE....
3views,
CUE is no way a spec oiler anymore...
CUE has current diversified productions across South East Asia of 3500 BOEPD...
A true junior oiler of class because we have all these shoots coming off our branch of diversified portfolios of projects in different countries and at different stages... wow...

we are backed up by numbers of our production profile...
we have bigger production than PPP, and a whole lot going on...

oh man...
here it goes...

WA position with Artemis 15%, MEO. and 5 other permits...
PNG--> Kimu, barikewa, SE gobe, Cobra, PNG LNG
Maari Manaia, M2A, one other future zone (off memory im sure its the same formation as Manaia... Matariki
INdonesia... oyong oil, gas and Wortel.... some exploration potential...(holding other reserves)
Timor Sea, Cash Maple 120 BCF 2P...
China on the register...
300 BCF in virtual reserves...

worth 35 cents minimum based on current production, onstream Manaia M2A in future and SE Gobe...

future productions set to fly...

SE Gobe Gas, which will be tied into PNG LNG...
Wortel Gas production which is 1000 BOEPD to us...

we will be pumping at 4500 BOPD next year with big proven gas assets in PNG which is going to get big exposure from the fact that the entire region will be developed on A world scale sized project/event...
NGE worth a look which has very tasty permits right in the middle of PNG LNG fairway...

PNGLNG.com
start here
we ride with big oil... some day we will look around and realise we are big oil...
and then we will ride up a few junior oilers as we become an operator...
:cool:
.^sc
 
I'm still here Blue but i have been focused on other stocks which i have been making a killing on, namely BCC.

Just seems like there are other opportunities at present but i am sure Cue will be a market darling at some time.

JW:cool::D:cool:
 
Isn't this board quiet when we head south - the routine rampers pop back in their burrows and sulk.
Is back exactly 50% of last run up from 11c (april) to very strong support line at 20c so they should emerge again very shortly.
On the fundamental side this share is very speculative with negative earnings (again) and no prospect of dividends - just the directors issuing positive announcements and creaming off their fees. Still its been a good trading stock and looks due for another little run to nowhere in particular but probably 20-30c. good luck to all trading it.
 
:)

Hi folks,

CUE ..... chart seems to be primed for some news .. double bottom last week
and an increase in volume last Friday, just ahead of a major and positive time
cycle coming into play, from Tuesday next ..... :)

have a great week all

paul

:)

=====
 
It's been a while since CUE was in the news but an announcement today that the FIRB has approved Petrobras' buy-in to the Artemis drill has given a bit of a boost to the SP.

Drilling is expected before the end of 2010.

:cool:
 
well,
nobody likes cue anymore...
cue has now changed into a mature oiler and has the market darling feel to it...
I remain loyal and hopeful we can pull in one of these big exploration wells...
artemis caterina matariki...
this has the making of something big...
blue sky has been added with artemis looming.,,,
best buying opportunities are to wait on artemis and hope the well fails...
:cool:
.^sc
 

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