CUE hasnt exercised their option to get back into Jeruk yet. The costs from the issue before Xmas must be mounting and unless the find is greater than 200m plus barrels, it may not be worthwhile for them to get back into it.
What I think will happen, though, is Santos will announce the size of the find, CUE shares go up, then CUE turn around and say "not worth buying back in".....imo.
u bidder, page-3
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