Totally agree with in regards to other threads - too emotional
CR
Totally expected and NOTHING to complain about.
I've posted here 2months ago that this was coming
JV Partner
I have very high expectations of this result.
Good partner and good terms.
Why?
Someone has outbidded all the likely suspects.
WPL who needs gas for Pluto.
Chevron who is fighting WPL hard to be #1 in Aust gas.
Eventual partner - refer to my currency post - I believed it will be Chinese or Russian with some dark horses.
[Throw Japanese back in the mix - a learned friend explained to me that even with the 30% dip - it is still very strong against the AUD]
Quality
Forget the 12Tcf at p50
Take note of the 9Tcf at p90
I've never seen a p90 so close to a p50.
That is because Artemis isn't just another prospect with 10mins of work done on it - they have researched the "jolly be jollies" out of it.
Summary
I still prefer CUE.
Not because of the 15% free carry - whilst good - I see the big issue of MEO using Artemis for Tassie Shoal funding.
I believe that this will be involved in the deal.
People will then see CUE is getting artemis returns with no strings attached and CUE will see a huge sp drive.
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looks like sp drivers are returning to normal , page-13
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