what reason do you need?, page-5

Peter Strachan who writes for Resource Stocks had this to say about Artemis in this month's issue


In WA-360-P, Cue holds a 15% free carried interest. Brazilian national oil company Petrobas is farming into the permit on generous terms, to earn a 50% interest by drilling the high risk Artemis prospect, where up to 11,000Bcf of gas is targeted. Talking Stock calculates that success at Artemis would add more than $1 per share to the assessed value of Cue, largely on the back of its expected, high liquids content, should commericial hydrocarbons be present.

Cue doesnt exactly have a free carried interest, only the first hole, but we do plus a nice little bonus if it all works out for MEO