artemis boundary, page-23

Mrmoshe,

CUE would probably pay it's 15% of the first couple of hundred million of appraisal drilling from cash flow from Maari and Oyong. Will probably recieve a bit from monetising Kimu soon, and in the event of success at Artemis would no doubt be prepared to part with a few of it's minor assets.

And MEO? Another CR?

Actually in the event of a successful discovery well none of the JV partners will be concerned about a CR at greatly elevated sp's.

What might cause fear and trepidation amongst the MEO folk, but which won't be of much concern to CUE folk (who have already mostly factored it in imho, is what happens in the most likely case of Artemis failing to deliver? Perhaps a 5 year low sp for MEO? Worth considering before casting too many stones at a more sober and considered shareholder base elsewhere.

EL