Cue Energy Resources Limited及其Mereenie和Palm Valley合资企业（以下简称“合资企业”）已与北领地电力和水务公司（PWC）签署了一份具有约束力的意向书（LOI），旨在支持立即启动四口井钻探计划的早期准备工作，并将有条件的天然气供应条款转化为具有约束力的天然气销售协议，从而确保天然气稳定供应至2034年。

为加快向北领地市场输送天然气，合资企业将立即启动早期准备工作，包括订购长周期设备、推进土建工程以及选择钻机。钻探计划将在Mereenie气田钻探两口井，在Palm Valley气田钻探两口井，目标是在2026年中期开始钻探。

该意向书概述了长期天然气供应的非约束性有条件条款，包括来自Mereenie和Palm Valley气田的未签约天然气以及计划钻探计划的新增产量。双方计划在2026年初之前最终敲定并签署具有约束力的天然气销售协议，但需经各合资企业参与方和普华永道(PWC)的最终内部批准。

意向书中包含一项条款，规定如果在2026年2月20日之前未能签署具有约束力的天然气销售协议，普华永道将向合资企业报销与钻井计划（早期工作）相关的费用。Cue

Energy首席执行官Matthew Boyall评论道：
“Mereenie和Palm Valley气田一直是北领地能源供应的重要贡献者。这份意向书支持新的开发活动和长期天然气供应，有助于确保北领地在2035年之前获得可靠的本地能源供应。

这对Cue来说是一个令人振奋的机会，既能实现短期产量增长，又能确保长期合同的稳定性。我们期待在2026年年中最终敲定协议并启动四口井的钻探计划。”

Mereenie 许可证 OL4/OL5 的参与者包括：Central Petroleum Mereenie Pty Ltd（作为 Central Petroleum Mereenie Unit Trust 的受托人，持股 25%）、Echelon Mereenie Pty Ltd（持股 42.5%）、Cue Mereenie Pty Ltd（持股 7.5%）和 Horizo​​n Australia Energy Pty Ltd（持股 25%）。Palm Valley 许可证 OL3 的参与者包括：Central Petroleum（运营商，持股 50%）、Echelon Palm Valley Pty Ltd（持股 35%）和 Cue Palm Valley Pty Ltd（持股 15%）。

Cue Energy Resources Limited and the Mereenie and Palm Valley Joint Ventures (Joint Ventures) have entered into a binding Letter of Intent (LOI) with the Northern Territory’s Power and Water Corporation (PWC) to support the immediate commencement of early works for a four-well drilling program, and to progress conditional gas supply terms into binding Gas Sales Agreements that will provide for firm gas supply through to 2034.

To accelerate delivery of gas into the Northern Territory market, the Joint Ventures will immediately commence early works including ordering long-lead items, progressing civil works and selecting a drilling rig. The drilling program will include two wells at the Mereenie field and two wells at the Palm Valley field, targeting a mid-2026 drilling start.

The LOI outlines non-binding, conditional terms for long-term gas supply, including uncontracted gas from the Mereenie and Palm Valley fields and new production from the planned drilling program. The parties intend to finalise and execute binding Gas Sales Agreements by early 2026, subject to final internal approvals by each Joint Venture participant and PWC.

Included in the LOI is provision for the Joint Ventures to be reimbursed by PWC for costs associated with the drilling program’s early works in the event binding GSAs are not executed by 20 February 2026.

Cue Energy CEO Matthew Boyall commented:
“The Mereenie and Palm Valley fields have been important contributors to the Northern Territory’s energy supply. This Letter of Intent supports new development activity and longterm gas supply, helping to ensure reliable, locally sourced energy for the Territory through to 2035.

This is an exciting opportunity for Cue with short term production growth and long term contract stability. We look forward to finalising agreements and commencement of the four well drilling program in mid-2026.”

Participants in the Mereenie Permits OL4/OL5 are Central Petroleum Mereenie Pty Ltd as trustee of the Central Petroleum Mereenie Unit Trust (25%), Echelon Mereenie Pty Ltd (42.5%), Cue Mereenie Pty Ltd (7.5%) and Horizon Australia Energy Pty Ltd (25%).Participants in the Palm Valley permit OL3 are Central Petroleum (Operator, 50%), Echelon Palm Valley Pty Ltd (35%) and Cue Palm Valley Pty Ltd (15%).