NEW YORK, June 9, 2011 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), the financial information and technology
services company that provides the world's largest electronic
marketplace for broker-dealers to trade unlisted stocks, today
announced that Cue Energy Resources Ltd. (ASX: CUE; OTCQX: CUEYY),
an oil and gas exploration and production company, has chosen to
have its American Depositary Receipts (ADRs) traded on the highest
tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Cue Energy began trading today on the OTC market's prestigious
tier, OTCQX International. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcqx.com and www.otcmarkets.com.
"OTCQX companies demonstrate their commitment to providing
superior information to investors and maintaining the highest
quality standards," said R. Cromwell
Coulson, President and Chief Executive Officer of OTC
Markets Group. "We are pleased to welcome Cue Energy Resources to
OTCQX."
BNY Mellon will serve as Cue Energy's Principal American Liaison
("PAL") on OTCQX, responsible for providing guidance on OTCQX
requirements.
About Cue Energy Resources Ltd.
Cue Energy Resources Ltd. (ASX: CUE; OTCQX: CUEYY) trades in
the United States on OTCQX under
the symbol "CUEYY". Cue Energy Resources Limited is an oil and gas
exploration and production company with a focus on SE Asia and Australasia. The company has
petroleum assets in Papua New
Guinea, Indonesia,
New Zealand and Australia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Our OTC Link™ platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We categorize
the wide spectrum of OTC-traded companies into three tiers - OTCQX
(the quality-controlled marketplace for investor friendly
companies), OTCQB® (the U.S. reporting company marketplace for
development stage companies), and OTC Pink™ (the speculative
trading marketplace) - so investors can identify the level and
quality of information companies provide. To learn more about
how OTC Markets Group makes the unlisted markets more transparent,
informed, and efficient, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.