Yes, so far so good!
It's all about Artemis at present, isn't it? OK, a strong PoO doesn't do any harm, either!
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....Geezy...its great....I really wish it would slow down a bit.....Ive never been really keen on frenzies......
cue annual report there now
wow congrats SC - you stayed constantly positive about your CUE and for good reasons. I love seeing that kind of story!
I saw you talking about 40c being a target...at what point will you exit?
Cheers,
C
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upside-Getting close to 45 cents now Shrewdy...and I'd say a good proportion of that is on the back of Artemis. Funny how things turn out eh?
Wish I had kept on to my original holding of these!
upside,
I know what you are trying to get at...
Artemis, Caterina, Zeus prospects, and farm out deals were not apart of CUE when I bought in...
They were just minute fixtures of CUEs portfolio that have now grown into much larger segments with Major farmout news...
I can not take credit for that... I never did...
All I did was suggest that CUEs production and development more than covered a 20cent stock... that other portfolio activities of other developments and appraisal were still to be unfactored (which havent come through yet, and enough to support 45c), and the upside of exploration covered the leverage...
Starting out in Oil, I have made some big calls...
I tipped my first exploration well success of Fireball (LMP), which didnt discover enough reserves and resulted in failure... All the facts id read pointed to a sizeable discovery...The stock doubled in the lead up, and then came all the way back down... I was shattered...
Broker recommendations that came in behind failed its shareholders as I had.. the prospect was sound...Thats the oil game... same deal with NZO... its risky
Since then Ive decided to stick my focus on stages of an oiler that I can control, production development appraisal... The exploration factor with CUE was always there, for without it would have not created the leverage required for me to go all in..... low down big up....
That and other reasons made CUE the best oiler ive ever seen...
I cant control exploration drilling so the imagination of these activities is in the eyes of the beholder...
... I dont talk about it because I cant control the outcomes... and times in the past when I did talk up our explor prospects let to great dissapointment...When it comes to big time explor drilling its always let me down... so I can now only get excited about real things... BOE in the hand...
or BESBS plays...
Others can do the talking there...
who would have guessed that CUE would grow into one of the best exploration staged oilers on the market...
Where I really spotted it in this one was the diverse list of CUEs Joint Venture partners that I ranted and raved on about, these partners are BIG oilers........
This was indirectly foundational for further deals in our WA permits...
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Im all round pretty happy Corporate...thanks...hope you are well...
For me Im holding, I get 3 exploration wells min at a crack at a buck...
BUT CUE is no longer savvy investment as criteria for investment ( that id talked about in the past because of blue sky exploration attachement).....
In saying that, I see no personal rush on selling as I look at PNG and 45 million barrels of Oil equivalent as gas reserves into development and exploration drilling along the way....
Blue sky is attached to the stock... exploration faliure at Artemis will see a 30cent stock, cant see it falling below 25c...
This is not savvy investment now... Best bet is hope that Artemis Fails and get entry around there as we path to much higher prices around 45cents on further developments in our portfolio... If you think about that, then CUE is still a steal, but we need further re-rated of this 40 Odd Million BOE before the market is prepared to protect deeper downside on exploration failure...
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exploration is still gambling,
Oh.... BUT I will talk up Matariki... Exploration god...
NGE up a cent today... Reckoning theres something huge in this... and its oh so cheap... markets are primed...
see you all in the next round...
Im currently in aussie, been at Fraser Island... will get all all updated when I get a moment...
Great Work to The Machine...
as always, final outcomes can only be delayed...
unless that info changes...
:cool:
.^sc
Manaia oil production has started with around 4,000 bbl per day.
CUE share of 200 bbl.
Matariki is scheduled for Dec2011 pending the return of rig to NZ water .... I hear AWE is trying to get in the way ???? of using such rig .
Good news with Apache farming in to a couple of CUE's WA prospects.
http://asx.com.au/asxpdf/20101021/pd...9xw4ckkgkr.pdf
I love CUE. I've bought into some over-promise/under-deliver dogs and now I've found little CUE and I think they are fantastic. Geez they are lookin good off Western Australia, Geez the revenue out of Taranaki and the Toll / Richard Tweedie factor is sweet as, Geez I love what they did & are doing in PNG and how they made over $5 million there with that little deal, Geez I love the fact that they are just a small team but they manage to do the business in terms of farm-ins and strategic alliances. They have not put a foot wrong in the time I've been following them.
I am absolutely lovin CUE and think they are just about the best thing going around at the moment.