risk? vs reward?, page-3

Not really a market down day... more like the start of a GFC relapse.

There is still so much uncertainty with Artemis.. FIRB approval (which wont really give much uplift to the SP IMO) and assuming you get the approval and Petrobas does not exit due to the 40% super tax... then another 6 month wait to spud. A lot can happen in 6 months. Just look at this week. AllOrds lost over 7% in just a week.

And once there is spud.. its only a 32% chance of success. 6 months down the track.

This could go down to 5-6c before it breaks 10c again.

Thats your Risk/negatives in a nutshell.

Goodluck