its not over yet for artemis, page-5

Well said play2win, 100 million sounds great however put it in perspective, its 60 million to drill only ONE of these wells.

There are plenty of companies ASX listed trading at less than their cash backing, so it is foolish to pin your hopes on this holding the SP value, especially if market sentiment changes in the short tem.

360 has been drilled and came up empty, despite one of the biggest worldwide explorers having a crack. 50% of this permit must be relinquished to extend the permit, as stated by MEO management. Therefore any further drilling into it is unlikly in the short term.

Expect the SP to trade between about 18-25c in the near term. Farm out of Tassie Shouls is expected to take around 6 mths (MEO management have stated this timeframe recently) and PBR will also take several months to analyse all drilling data to date.

Take your trading opportunities in the short term and keep an eye on things next year for any upward movement, or sit tight and wait until next year for any movement.