Cue Vitality Assets Ltd., which produces oil and gasoline in Australia, Indonesia and New Zealand, has reported an output of 148,300 barrels of oil equal (boe) for the fourth quarter of fiscal yr 2025.
That was down from 156,100 boe for the prior three-month interval. Cue Vitality derived over 1,900 barrels and 0.34 petajoules from Australia within the quarter ended June, up for liquids however down for gasoline. New Zealand manufacturing dropped to only over 19,000 barrels. In Indonesia, the Mahato block contributed over 52,000 barrels, up from fiscal Q3 2025; the Sampang manufacturing sharing contract (PSC) produced 215 barrels and 0.12 petajoules, each down sequentially.
Money receipts totaled AUD 11.1 million ($7.21 million), down from AUD 15.3 million for fiscal Q3 2025. “Web money circulate was impacted by larger money outflow from accelerated drilling actions at Mahato and delayed receipts from a Maari oil sale, with proceeds acquired after quarter finish”, Cue Vitality mentioned.
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“The corporate’s stability sheet stays in a powerful place, with no debt and a money stability of $10.8 million”.
In Australia, the quantity of gasoline bought “remained in line with the earlier interval, with the just lately drilled WM29 and WM30 wells persevering with to outperform pre-drill expectations”, Cue Vitality mentioned with out disclosing sale quantity figures.
“The Northern Gasoline Pipeline (NGP) remained open for many of the quarter, closing once more on the finish of June resulting from upkeep works affecting different NT [Northern Territory] gasoline provide. Underneath present contract phrases, when the NGP is closed, Cue’s east coast gasoline gross sales are redirected into the NT, together with to the NT authorities, minimizing the affect of NGP outages.
“Oil gross sales from Mereenie have been partially constrained resulting from present offtake preparations. Because of this, 4 wells with decrease gas-to-oil ratios have been briefly shut in to scale back liquids volumes, resulting in an approximate 5 p.c discount in gasoline capability.
“The Mereenie Joint Enterprise is actively pursuing choices to resolve these constraints, and the present affect shouldn’t be anticipated to be long-term.
“The Palm Valley Joint Enterprise continues to plan for the drilling of two growth wells within the Palm Valley subject. The Environmental Administration Plan for the 2 wells was authorised by the NT authorities throughout the quarter”.
Cue Vitality’s Australian operations encompass a 15 p.c stake within the Dingo subject, 15 p.c within the Palm Valley subject and seven.5 p.c within the Mereenie subject – all operated by Central Petroleum Ltd.
In New Zealand Cue Vitality mentioned the Maari subject, operated by OMV New Zealand Ltd. and 5 p.c owned by Cue Vitality, achieved 50 million barrels of oil manufacturing from startup in 2009 to fiscal This fall 2025. “Manufacturing for the quarter was diminished by downhole faults in MN1 and MR4 wells, which occurred in early April”, it mentioned. “Repairs have been delayed as a result of deliberate reinstallation of the wellhead platform workover unit following a significant overhaul and recertification.
“Repairs to MN1 have now been accomplished, and manufacturing has resumed. Work is ongoing on MR4, with completion anticipated throughout the present quarter. As soon as each wells are operational, every day oil manufacturing is focused to exceed 5,000 barrels per day.
“The appliance to increase the Maari allow (PMP 38160) is at the moment below evaluate by the New Zealand authorities”.
In Indonesia’s Mahato, by which Cue Vitality owns 11.25 p.c, three growth wells have been drilled and several other nicely workovers carried out throughout the quarter. “Improvement drilling continues below the authorised Discipline Improvement Optimization Plan, with one remaining nicely scheduled to spud in August”, Cue Vitality mentioned.
“The operator [Texcal Energy Mahato Inc.] is predicted to suggest a section III growth plan focusing on manufacturing growth from the Telisa reservoir, which was efficiently examined in an present nicely throughout the quarter.
“Exploration knowledge assortment was undertaken throughout the quarter to help the collection of a brand new exploration nicely goal”.
In Sampang, by which Cue Vitality owns 15 p.c, “[p]roduction and receipts have been briefly impacted by pure subject decline and a technical subject on the Wortel subject following a scheduled upkeep shutdown in Might”, Cue Vitality mentioned. “This subject briefly halted gasoline manufacturing throughout a part of the quarter. Remedial work is deliberate for the present quarter to revive manufacturing ranges.
“Set up of a compressor on the Grati gasoline processing plant is progressing nicely. The target is to decrease wellhead strain at each the Oyong and Wortel fields, enhancing manufacturing and total gasoline restoration. The venture is predicted to be accomplished in Q2 FY2026.
“Discussions are persevering with between the operator, Medco Energi Sampang Pty. Ltd., and the Indonesian authorities relating to financial incentives for the Paus Biru growth, in addition to finalizing a proposed extension of the Sampang PSC, which is because of expire in December 2027”.
Paus Biru is deliberate to supply 20-25 million cubic toes a day of gasoline beginning 2027. The event is predicted to construct a 27-kilometer (16.78 miles) subsea pipeline to attach the sector to present Oyong infrastructure.
Singapore Petroleum Sampang Ltd. informed its two companions it can exit the PSC upon expiry in 2027.
Elsewhere within the Southeast Asian nation, the Mahakam Hilir PSC, wholly owned by Cue Vitality, stays within the means of being surrendered, Cue Vitality mentioned. The PSC expired April 2021.
To contact the creator, e mail jov.onsat@rigzone.com
