Some questions were raised in regards to the
plans or intentions of our major shareholders.
Trying to connect the dots (only a hunch).
OBL ASX release of 21March14 shows, that the
“Albers Group” increased their substantial holding
to 57m shares or 8.23%.
In CUE's Investor Presentation, released today,
we read that the two top shareholders are:
Todd Petroleum 27.1% and
UOB Kay Hian Private Limited (PetroChina) 16.4%
CUE has a cash balance of $50m and no debt
CUE's goals are shown on:
slide 6
“Actively seeking new exploration
opportunities with a bias towards
onshore, near term commercialisation”
slide 9
“Cue is maintaining a focus on
exploration to maintain and grow
medium to long term production”
“Farm-in and ground floor exploration opportunities
under review in geographical focus
areas of Australia ONSHORE,
New Zealand onshore/offshore and Asia”
“Strategic test areas which offer longer
term opportunities with higher risk/reward”
slide 14
Summary
“2014 focus on capturing new exploration opportunities
and securing production profile post 2015”
“Cue actively seeking and evaluating other growth
opportunities aligned with strategy”
Just trying to connect the dots, Uncle Albers. :))
Howzzz that, Neill? (Chinese investor included? :))
Some questions were raised in regards to theplans or intentions...
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