reality, page-32

Let's not start measuring CUE's management performance based on the drill bit. They have drilled a number of company making wells which have been unsuccessful to date. They drilled these wells while minimising the amount of our equity to participate through farm-outs and utilising credible partners.

Don't despair...we still have a number of strong future prospects. Maari development, pike, matariki, WA with Apache farm-in, Barikewa, Jeruk and Maxwell all very significant when compared to our current market cap.

Read some of the optimism and estimated value on the MEO thread re Maxwell.

Caterina still not lost as well and we have enough equity to be able to still have a good position going into Caterina.

We have some great long term revenue through Maari, Oyong/Wortel, and PNG to allow progressing the above opportunities without capital raisings.