It means a lot Wishlist, reading through the STO presentation at...

It means a lot Wishlist, reading through the STO presentation at Macquarie conference as well as the financial reports plus articles where he was quoted saying he wants to offload 50% of STO’s dorado stake (brings sto to 40% ownership) tells us Kevin Gallagher and co want to focus on other operations, they’re pivoting capex away from WA to their LNG operations in other parts of Australia. Selling down the Dorado stake will give them a bigger war chest to work it. I think best thing CVN can do is what they’re already doing, focus on value realisation in our own way as quickly as possible, waiting for STO to show appetite to get Dorado to first oil is likely the wrong way to go. They want to obviously be a passive investor in Bedout. My gut feel is CVN will be wound up and acquired for 35c +