MEO meo australia limited

pick the artemis spud date sweep, page-50

  1. 5,657 Posts.
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    Sell off? A BESBE before the rigs is even in place. Interesting.
    Good to see that even you fall for their games.
    Been here long enough to know what they are up too.
    It's a shame that you have such a low regard for charts.
    But if you are a sit and hold guy, guess you don't have too.

    Had a thought the other day on this matter.
    My thoughts were that Cue could not exist with out company's willing to put it on the line like, Woody, Apache and yes even MEO.

    Cue's a nice safe oiler(as it goes) that is risk adverse.
    As we all know, fields dry up, new fields have to come on line other wise no more oiler.
    So if you are risk adverse, how do you get new fields on line.
    Cue farms them out and lets some one else take all the risk.
    (not knocking it)

    Cue gave way 60% + of WA 359-360-361 to MEO for the price of 3D surveys on each.

    A similar deal with Apache.

    Wood only had to pay $5m for Caterina, with only a commitment to do a 3D some time between 7/10-7/11. Do A exploration well between 7/11-7/12. And then have a think about it (Geological and geophysical study) between 7/12-7/13. Given Woodies new gas deal, Caterina and it's deep water many be on the back burner for a while.
    3-4 Train.(sorry,getting off subject)

    The point being that IF Cue wishes to be risk adverse, it needs to relay on the ones that are willing take the risk.

    Cues share price would not be were it is today if it was not for these farm in deals.

    So it seem very straight indeed to show such contempt for the very company's that carry all the risk so Cue can grow,

    Yes, I'm sure you only have contempt for MEO.
    MEO has to put way more on the line than the others and have bought the partners a great farmee.
    And the fact that you have stated here that you wise Artemis to be a dry hole is staggering.

    Artemis will set Cue up for years to come. They can buy new permits, pay for 3D's and not have to give permits away for next to nothing.

    So how about we give this stupidity a rest, because I'm sure we could be spending our time better on research than wishing people ill, with their hard earned.

    It's time to let this go.











 
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