Ann: CEO Resignation, page-9

IMO, NZO has got rid of its board opposition from last year
and now it is in control.
The question is what does want?

IMO, in the short term NZO wants to stop CUE from spending
cash. The former CEO wanted to drill another hole next to the last one.
This would confirm the first strike and and go some way to confirming
the geo. model.

Obviously , NZO, does not want CUE spending cash on another hole
at this stage and, perhaps, a farm-our is their preferred option.

The next month will be telling, IMO, because the evaluation of the
East Kalimantan hole should be available by then.

Then again, NZO may just want to stall things until it is positioned
for a second tilt.