Yes it is CUE's shareholders' right to do whatever they want...

Yes it is CUE's shareholders' right to do whatever they want with their shares and the gas when it is found.

However let's look at what is happening to this farmin agreement today, it is falling through. Are CUE shareholders winning anything?.. No. Actually their sp is declining. When can they expect to win? I don't know. I don't think the shareholder know either!

There are three options about why CUE is trying to stop this deal;

1) CUE board is genuinely working for the benefit of shareholders but making a serious mistake by stopping this deal and causing to CUE's sp decline. If you don't have the power to bargain for more, then stop bargaining, be wise.

2) Someone who is trying to stop this deal for the benefit of its own interest but not caring about the interest of all shareholders. I don't know who that would be. Maybe Todd, but why?

3) Then it comes to Petrochina's interests.., who is the second largest shareholder of CUE. Everyone knows that they can do anything to stop any other deal to built up their own benefits. They may even promise some benefits to Todd, to get them to their side in the board decisions. Maybe Todd is holding the deal in the interest of Petrochina, who knows.

If 1st and 2nd options are not wise, there is only 3rd option could be the cause of this unplesant situation.

Other questions; why don't CUE management give any update to its shareholders (same for MOG) after this much things have happened? As far as I can see CUE and MOG shareholders can get some news about this Artemis deal only from MEO anns. Don't they care about their own shareholders? Is it because majority (over 50%) of shares are held by three shareholders (Todd, Petrochina, Albers. )

Disc.: Holding MEO and some MOG (Sold CUE)