AUSTRALIA

Cue profit jumps 22%

CUE Energy's second quarter profit is up 22% from the first three months of the year with total revenue of $13.2 million on the back of record sales of 108,390 barrels during a time of high oil prices.

Blair Price

The successful quarter for the Melbourne-based company had its cash reserves at $A14.8 million by the end of June. The majority of revenue came from the Santos-operated Oyong field in Indonesia, which...

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