re: Ann: MEO: MEO Executes binding farm-in ag... Gav,
We thought you (nonholder) lot from MEO might have something positive to focus on now, instead of coming across here with your red herrings and conspiracy theories.
We CUE holders I believe are very happy that the drill is on track, we look to still be in a plain vanilla free carried farmout, the new partner is very credible and has placed a pretty decent implied valuation on our share of the prospect.
Oh and our sp is up quite nicely in light of this, and despite the terms of the farmout not directly effecting us materially, and despite this being one of our secondary, and less tangible assets.
MEO got a good deal, but lets not forget that MEO's future is riding on those drill results, whereas for CUE just part of the diverse portfolio.
EL
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