re: caution rqrd. - another share placement necess Its early days but imho I believe that the decision of CUE to farm back into Jeruk could be the company maker CUE has been waiting for.
There will be lots of hurdles to overcome and a high risk high return drilling of deep holes to get to the oil.
But if all goes well this will be one of the best opportunities any junior can dream of.
To go back to the oil in Jeruk, 170 million is regarded by many brokers very conservative.
The indonesian governement thinks likewise and have pressured CUE to develop Jeruk as soon as possible with governement estimates of 150000 bo production per day.
This would mean around 22 000 barrels of oil per day for CUE.
If all goes well this will be the company maker for CUE and could become a nice cash generating company within the next two years.
jojo
great annuncement!, page-11
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