TO of CUE imminent OGOG moves to acquire 100% of NZOG, page-55

Yeah I'd say over 28mill at present (which makes 76mill mktcap a joke!!)

Short term drivers>>I see (outside a stronger oil price which is likely IMHO)

-Drilling of the PB-1 well expected to commence in early to mid November. PB-1 well will target the Primary Early Miocene Bekasap sands expected around 5,000 ft SS with the overlying Telisa sands, as Secondary target. The well will be drilled to basement expected at approximately 5,500 ftSS. PB-1 will be the first well to be drilled, with planning underway to drill, in a success case, an appraisal well targeting another target to the northwest of PB-1.

-Cue is proceeding with planning for the drilling of the Naga Utara-4 well and is currently seeking partners to participate in the Mahakam Hilir PSC and the well.

-Wortel East exploration well opportunity remains under review by the Joint venture, with final technical work expected to be delivered by the Operator in the current Qtr