i would have thought a smarter play would be to buy into CUE....

i would have thought a smarter play would be to buy into CUE. They have 15% of artemis, plus a cheaper valuation, some cash producing projects from NZ and some exciting projects on the NWS that Woodside have recently committed to.

That way you get significant exposure to the upside at a cheaper price, without the downside risk if it fails. Lets just say it's an each way punt rather than always going for the win.

by the way i dont own either. i would think the odds are far less than the 32% you quote - i imagine this is something you are getting from MEO themselves. would be very sceptical of any calls from them, they have a history of talking thermselves up