Here's the cash on hand for the 3 stakeholder in Artemis, as per...

Here's the cash on hand for the 3 stakeholder in Artemis, as per their qtrly cashflow:

MEO (operator): $40.3m (70%)
CUE: $18.1m (15%)
MOG: $$2.587m (15%)

So should the PF decide to walk, MEO could do another cap raise $10-15mil to cover their cost of the drilling & drill A#1 on their own & depending on the result, it could b in a better position to flog its entire 70%.

Naturally anyone with cash may want to take this out. Or MEO could initiate a dialogue with a 3rd party for selling their gas as is the norm in the region.

Artemis's TD should b around 3600m, so its not a deep well (max 4 weeks drilling, IMO), so MEO has the funds to cover the drilling costs & that seems 2b the rational with their last cap raise.

See how the pieces of the puzzle fall in place.

Remember their r plenty of buyers for the gas in the area, so its not all over, but first lets negotiate rather then take extreme measures.

As for 're-opening the farm-in' all over again, well best option in that instance would b a local heavy-wt with a rig like CVX or WPL. Look no further Jurgen, plenty of options :))