sweepstake, page-23

Gday SC

"I would suggest you not even try to compare ELK to CUE...
and lets just leave the elk thread to elk..."

comparing the merits of various companys from different perspectives to find the best possible investments is the aim of investing and why we all log on to Hotcopper....



"CUE have 2P proven gas assets worh 1.5 billion dollars at 5 bucks a MCF...(300 BCF- 2P)..."

You may wish to tell the company they have got it all wrong when in their most recent announcement they describe the gas as a (2p Equi)gas resources.....so you can stress "proven" all you like but at this stage they are not recognised as proven in the oil and gas industry..........

and on looking a little closer it appears the only reason CUE was net operating cash flow positive was the $2.5 mill in debt they borrowed and added to their cash flow..

Cheers