Cue is a lower risk exposure to Artemis (has 15%, free carried),...

Cue is a lower risk exposure to Artemis (has 15%, free carried), I don't know much about Moby have only had a quick overview of quarterly, but with only 2 A odd mill in the bank and few other leads it appears to be somewhat of a "one trick" pony on itial impressions. Cue is a well managed company with sound cornerstone s/hers (Todd's, Singpet) and a small but interesting portfolio of producing and developent/exploration projects, being Oyong Oil and Wortel gas in Indonesia, the Gobe Oil/gas (mature declining) fields in PNG, Barikewa Gas in PNG due for further work in 2011 close to existing gas infrastructure, Maari Oil (5%) in Nz, (around 3 mio million bbls (2P)), 20% of Matariki (a nearby permit) and share in onshore Taranaki permits, and a 35% free carry in WA-389-P the Caterina prospect in offshore North West shelf, beyond Artemis likely to be drilled late next year with Woodside having farmed in and other interest in permits close by.
700 mill shares on issue, MOG 288 mill so will have less punch on Artemis sucess but will also take a less of a hit on failre. EPS 4c last fin. yr and should improve slightly this year as oil px's move higher, also should receive some cash from sale of Cash-Maple interest at some point soon.
Interesting company and in for the long run, but watching MOG's for short term punt.