re: Ann: Naga Utara-1 Well, Mahakam Hilir Dev... I'm with Oz,...

re: Ann: Naga Utara-1 Well, Mahakam Hilir Dev... I'm with Oz, Caterina is the 'big one'.

I think its worthwhile holding through the Indonesian wells and hoping we have some luck with the drill bit to set up the run for Caterina. But, everyones different and there is no right or wrong and you got to do whats best for you. Good luck Katandra.

The way i see it is that the down side risk for CUE is very limited given we have additional new production coming on line at the end of January, we also have a free carry on Caterina with a 35% stake.

It would be nice if at least one of the Indonesian wells comes through as a commercial producer.

Also, more wells are going to be drilled in the second half of 2012 so any early success is going to set this stock up for a great run.

Maybe a chance of something 'left field' as the new directors get to work.

Loads of potential this year.

JW