Johhny,
Doesn't suprise me, updates were statements made on retreat, retreat in credibility if nothing else.
We still get a 15% free drill of a pretty exciting (albeit overhyped) monster prospect.
As I have been berated for here and on many another board, I loath to pay anything for hype and bluesky, Mr Market simply adds and removes it at his pleasure. In this case I'd perhaps go 2 cps for Artemis, even though I might still expect it to be worth a lot more on a risked basis.
Bought on Maari, with support from the tangible odds and sods, took the WA and Bass exploration and PNG as attractive upside, ignored Artemis as potentially just another Zeus.
Still happy, with Maari having already delivered some upside, Oyong gassing, and new exploration added in NZ, new (100%) prospect in WA. That's what one buys for - performance - and delivery on ones hopes and expectations.
More to come imho, but it wont be hyped years in advance (like MEO does).
EL
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