After the dry well at Artemis everyone was disappointed to say the least
I decided to ring CUE management and ask them if they would be making any further effort in this prospect. The answer was we will not be spending any money on it. If the other partners want to expend funds goodluck. In a nutshell this was the reply I received
However looking at the last disclosure to the ASX, I noticed that Artemis was mentioned in the report
Specifically
"Negotiations have commenced for a permit wide seismic reprocessing data set to ascertain post Artemis prospectivity"
Irrespective of whether money is spent by CUE on further development of the Artemis prospect, it was interesting to note that it was brought up in the companies last report.
CUE Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
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