what reason do you need?, page-7

Cheers SB1.

Remember, despite what MEO cronies will tell you, that:
- CUE have 200m shares on issue than MEO
- MEO hold 25% of Artemis compared to CUE's 15%
- MEO receive cash upon success (US$31.5m) not CUE
- MEO are free-carried in the next 2 potential wells.

Multiply this out, throw in a few assumptions, and Artemis is probablly worth to MEO more than 3 times what it is to CUE.

As for the CUE peoples telling you that MEO is a 1-trick pony, as of this week (we hope), once GC&A provide their report, MEO will have proven reserves multiples of that of CUE (although not in production - yet).

In the last 3yrs I've made a motza out of KAR and sold out earlier in the year, and have patiently entered MEO sub 40c waiting for the inevitable. 47c is just warming up.