Daily Research Report: CUE Energy Resources Includes FY2021 Financials Australia Edition Friday, October 01, 2021 CUE Energy Resources (CUE) 6.40c CUE Energy Resources (CUE: 6.40c) decreases 1.5% weakening below moving average price CUE Energy Resources Limited, Australia's 72nd largest Energy company by market cap, has decreased 0.10c (1.5%) from its Fig 3: CUE Financials Summary: EPS previous trading session to close at 6.40c. Compared with the All fell to -1.83c in FY2021 Ordinaries Index which fell 143.1 points (1.9%) in the day, the relative price increase was 0.4%. Net profit slumped from a loss of $949,084 in FY2020 to a loss of $9.2 million in FY2021. The 200-day Moving Average Price (MAP) is 9.02c, down from Earnings Per Share (EPS) fell from 0.19c in FY2020 to -1.83c in 9.03c on Thursday. The price to MAP ratio is 0.71. In the past FY2021. month the MAP has exceeded the share price on 22/22 days; a Year ended Jun FY2021 FY2020 FY2019 bearish signal. Sales ($ M) 14.4 17.3 18.6 There were 20,000 shares worth $A1,280 traded today. The Pretax ($ M) (5.4) 3.7 9.3 volume was 0.02 times the average daily trading volume of 1.3 Net ($) (9.2M) 949,084 6.2M million shares. EPS (AUD) (0.0183) 0.0019 0.0122 Fig 1: Past Quarter Snapshot In this Report: Beginning of End-of Change Highlights: (Click tab for direct access) Page Quarter (01 Quarter (01 DATA & ARCHIVE DOWNLOAD CENTER 1 Jul, 2021) Oct, 2021) The Past Quarter: Regulatory Announcements 3 AUD % Bullish Signals 4 Price 6.30c 6.40c 0 1.6 Ongoing Bullish Parameters 5 Market $A33 million $A32.3 million -668,758 1.6 Bearish Signals 9 Cap Ongoing Bearish Parameters 9 Corporate Profile 13 Low During Quarter 0.06 on Thu 09 Sep, 2021 Financials FY 2021, Past 7 Years 14 High During Quarter 0.07 on Fri 16 Jul, 2021 Board of Directors 16 VWP 0.1 Top shareholders 19 Peer Comparison & Ranking of CUE 20 Fig 2: AGM News Archives (Nov 2017 - Jun 2021) 23 Currency Synopsis: Australian Dollar (AUD) 30 September 27: CUE Energy Resources announces AGM 3 FIN STMTS AS REPORTED: PAST 2 YEARS 30 CUE Energy Resources has announced its Annual General Meeting will take place on Thursday, October 28. Index 36 Glossary 38 Note also: Section Headers and Figures are mapped as Bookmarks in the PDF menu (left, top) DATA & ARCHIVE DOWNLOAD CENTER CUE: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA: • PRICE VOLUME - 5-YEAR HISTORY • FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2021] CUE: LINKS IN HTML TO FURTHER INFORMATION: • PRICE VOLUME CHARTS IN HTML • USD vs AUD EXCHANGE RATE CHARTS IN HTML • CRUDE OIL COMMODITY PRICE CHARTS IN HTML www.BuySellSignals.com Index and Glossary at end of this Report. Daily Research Report: CUE Energy Resources Includes FY2021 Financials Australia Edition Friday, October 01, 2021 Fig 4: CUE Stock Dashboard [traded in Australian Dollar, AUD] Currency AUD 1 = USD 0.72 Oct 01 close 6.40c [$A 1 = 100c] Ave Daily Volume 1,251,190 shares 52-Week Range (In AUD) 0.06 - 0.24 Sector Energy Market Cap $A45 million [$32 million] EPS (FY2021) (2c) Shares Outstanding 698,119,720 Fig 5: LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best] CUE Energy Resources is ranked number 75 out of 158 listed energy companies in the Australia with a market capitalization of $A44.7 million. In the energy companies it has the 43rd highest total assets and 29th highest revenues. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1. Fig 6: Short-Term Technical Ranking: 3 out of 5 [5 is best] Significantly its price of 6.40c is at a discount of 29% to its 200-day moving average price of 9.02c. Its 52-week range has been 24.0c to 5.70c; it is trading at a discount of 73.3 % to its 52-week high and a premium of 12.3 % to its 52-week low. AUD1,000 invested exactly one year ago is now worth $A376 of which $A624 is a capital loss. Recommended stop loss: 5.92c Stocks are scored on a set of technical parameters reflecting price performance, overbought/ oversold levels and trading volumes. They are ranked according to the bullish/bearish values of those parameters. The highest ranking is 5 and the lowest ranking is 1. BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected] www.BuySellSignals.com Page 2 Daily Research Report: CUE Energy Resources Includes FY2021 Financials Australia Edition Friday, October 01, 2021 The Past Quarter: Regulatory Announcements Fig 7: Meetings July 28: RESULTS OF GENERAL MEETING In accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act, we advise details of the resolution and the proxies received in respect of the resolution as set out in the attached proxy summary. Source: Company Website Fig 8: Press Releases September 27: Joint Operations The PB field in the Mahato PSC is currently producing 3,600 barrels of oil per day, with further development wells currently being drilled. In FY21, Cue received $2.4 million in revenue from the field following first oil at the start of the calendar year. As development continues, we are benefiting from increased production rates as new wells are brought online and the oil price remains strong Source: Company Website September 11: MEREENIE DEVELOPMENT WELL WM28 SUCCESSFULLY COMPLETED; GOOD STAIRWAY GAS FLOWS Central Petroleum Limited (ASX:CTP) ("Central" or "Company") advises that WM28, the second development well in the Mereenie Development Programme was completed on 6th September 2021. Source: Company Website September 11: Mereenie Development Well WM28 Completion The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) ("Central") has advised that the WM28 development well, the second well in the Mereenie Development Programme, was completed on 06 September 2021. Source: Company Website September 11: Regulatory Approval Received from Northern Territory Government The Northern Territory Government has today provided its regulatory approval to New Zealand Oil & Gas in relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum. This satisfies a key condition precedent of the transaction. Source: Company Website September 11: Regulatory Approval Received from Northern Territory Government The Northern Territory Government has provided its regulatory approval to Cue in relation to the transaction to acquire Amadeus Basin assets from Central Petroleum. This satisfies a key condition precedent of the transaction. Source: Company Website September 11: Appendix 3Y Change of Director's Interest Notice Source: Company Website August 19: Key to Disclosures Corporate Governance Council Principles and Recommendations discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during Source: Company Website August 02: Activities Report Quarter ending Acquisition of Mereenie, Palm Valley and Dingo production assets in the Amadeus Basin, onshore Australia Source: Company Website July 30: FY2021 Annual Cash Flow Report: CUE Energy Resources Cash Balance decreases 45% BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected] www.BuySellSignals.com Source: Company Website Page 3 Daily Research Report: CUE Energy Resources Includes FY2021 Financials Australia Edition Friday, October 01, 2021 As per a report dated July 30, 2021 the Cash Burn of operating activities was $A8,030,000 ($5,942,746) in the year ended July 30, 2021. This corresponds to an average Cash Burn Rate of $A669,167 ($495,229) per month. To support this Cash Burn Rate, the cash balance of $A17,644,000 ($13,057,760) as at July 30, 2021 should be adequate till October 10, 2023.The cash runway defined by the length of time to run out of money if it kept spending at its current rate of cash burn is 2 years, 1 month and 7 days from today's date. * Exchange Rate as on July 30, 2021 1 USD = 1.3512 $A July 22: Mereenie Development Well WM28 commences The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) ("Central") has advised that the WM28 development well, the second well in the Mereenie Development Programme, was spud on 21 July 2021 at 0330 hrs. Source: Company Website July 21: Mereenie Development Well WM28 commences The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) ("Central") has advised that the WM28 development well, the second well in the Mereenie Development Programme, was spud on 21 July 2021 at 0330 hrs. Source: Company Website Bullish Signals PAST WEEK: WEAK MOMENTUM UP - CUE strengthens 1.6% on volume 0.2 times average Week 40 of 2021: Up 1.6%; CUE Energy Resources (CUE) outperformed the All Ordinaries Index in 4 out of 5 days. The price ranged between a low of 6.0c on Monday Sep 27 and a high of 7.0c on Thursday Sep 30.