CUE 0.00% 11.0¢ cue energy resources limited

Hey NZO, what happened to our 70/30 deal?

  1. 670 Posts.
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    Things were going so well for the CUE/NZO coalition.

    We bought Amadeus in a 70/30 split. Hell NZO even lent us $7m so we could pay our exploration costs this year.

    So how come NZO farmed in on TEG's prime Perth Basin permits and we didn't get a call? Looks like a great deal for NZO and as a TEG holder great to have a company like NZO on board.

    As a CUE SH though I would have liked to have 30% of the deal. (7.5% the same as we hold in Mereenie) Most payments are deferred and we could probably have paid our way from cashflow?

    Its an interesting decision by OG/NZO.
 
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