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CUE, CUE ENERGY RESOURCES LIMITED
crooky
post Posted: Dec 6 2010, 10:14 PM
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In Reply To: flower's post @ Dec 6 2010, 05:11 PM

Good sign alright flower,

Just have to hope more below and that it's commerical .

luck to us all .

 
flower
post Posted: Dec 6 2010, 05:11 PM
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In Reply To: Seaosh's post @ Dec 5 2010, 12:03 AM

S: React it did as it struck a gas zone

Potentially the really exciting bit starts when they can restart the drilling heading towards the balance of the gas zone and target depth.

Main targets should be hit by weeks end, target depth within ten days, and the well assesed for commerciality by Christmas.



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Combining Fundamental comments with Fundamental charts.
 
misterious
post Posted: Dec 6 2010, 04:52 PM
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Good start for the week! --- plenty more to come perhaps.

 
Seaosh
post Posted: Dec 5 2010, 12:03 AM
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In Reply To: flower's post @ Dec 4 2010, 10:25 PM

Hmm. . .and reading back over it again it seems I managed to read the whole the wrong last time.

So shareprice could start reacting as soon as Monday.

 
Seaosh
post Posted: Dec 4 2010, 11:56 PM
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In Reply To: flower's post @ Dec 4 2010, 10:25 PM

I read that '2.5 days' as a typo for '25 days'. 2.5 just seemed too precise, and too fast.

Hang on a second. . . Guess I'll go back and take a second look at things.

 
flower
post Posted: Dec 4 2010, 10:25 PM
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In Reply To: Seaosh's post @ Dec 4 2010, 08:03 PM

MELBOURNE, AUSTRALIA (1st December, 2010)

MEO Australia Limited (ASX:
MEO; OTC: MEOAY) advises that since the last progress report, Artemis-1 spudded at 00:45 hrs (Perth time) on Thursday 25th November. The 30" x 20" surface conductor was set in place and the 17-1/2" hole was drilled to 1,870m (below rotary table) at which depth the 13-3/8" intermediate casing has been run to a depth of 1,860m and successfully cemented in place.

Present operations include installing the Blow-Out-Preventer (BOP) and the marine riser followed by pressure testing all equipment prior to drilling the 12-1/4" hole.

It is anticipated that the 12-1/4" hole is likely to commence drilling on Friday 3
rd December. The programmed drilling time to reach the top of the Calypso reservoir is approximately 2.5 days from commencement of drilling the 12-1/4" hole. In the event that gas shows are evident in the primary objective, a coring program is planned (refer attached diagram).

The next ASX release is planned for no later than Wednesday 8
th December.





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Seaosh
post Posted: Dec 4 2010, 08:03 PM
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In Reply To: flower's post @ Dec 4 2010, 12:03 PM

Next Wednesday will be a little early, no? Still lots of drilling to be done.

I would have thought we would be waiting till at least the 20th before we could expect to hear news.

 
Brierley
post Posted: Dec 4 2010, 06:17 PM
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In Reply To: misterious's post @ Dec 4 2010, 05:57 PM

QUOTE
Yes, I have been watching CUE and can't believe why the SP has been going down not up


Arbitrage
Surprise CR on spud at 52c spooked MEO punters and MEO sold down from 60c to 43c as of Friday.
Consequently dragged down WA-360-P JVérs CUE&MOG.

 
misterious
post Posted: Dec 4 2010, 05:57 PM
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In Reply To: royboy32's post @ Dec 4 2010, 09:41 AM

Yes, I have been watching CUE and can't believe why the SP has been going down not up --- however Wed announcement should help define the matter a little better.

 
flower
post Posted: Dec 4 2010, 12:03 PM
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In Reply To: royboy32's post @ Dec 4 2010, 09:41 AM

You bet--not in it but watching for the outcome since this is another in the Carnarvon Basin (am in TAP instead)---next Wednesday looks like D Day, if they find anything the SP should explode--thus far it's done FA---but the signs are just there---in the chart!
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