another day and nothing! from management, page-28

Gav866,

I understand your frustration.

The PF wanting in on 50% of Artemis is one thing.

The PF wanting to change the existing JVP agreements is quite another.

Cue has stated they will not agree to these changes as currently presented,because Cue shareholders will be disadvantaged to the "Status Quo" existing agreements.

This a huge JVPA that is being knitted together here and all Decisions by all the JVPs are made at individual Board Meetings and the scheduling of these Meetings is not timed to suit us SHs.

Look back at the speed of the PF in making decisions,its worse than watching paint dry!!

Meo progress report: 16th Nov 09

Commercial due diligence visit during week of 26th October finalised all outstanding commercial terms Arrangements to accommodate future implementation of an integrated LNG project have been agreed Farminee Board of Director approval required for entry to Australia. Next meeting scheduled mid December.

Meo progress report: 21st Dec 09

? Farminee has received Board of Director approval to complete farm-in transaction
? Joint release to be made once binding documents have been executed
? MEO triggers well option & commences discussions to secure drilling rig to drill Artemis-1

All we can do is wait or sell up & move on.

Cheers,