re:petroleum ventures
Petroleum Ventures has been accumulating recently.
At the moment they are the major shareholder.
The directors of PV have done their due diligence otherwise they would not be shareholders let alone major shareholders.
One of the directors ( Dave Whitby) is a petroleum guru who is in charge of Nido Petroleum. He has definitely seeing the potential at Carnarvon Basin (WA) hence his interest in Carnavon Petroleum.
Another director (Paul Fry) is a partner at Ernst & Young. E & Y is Carnarvon's auditor. Surely this guy must also have reliable information otherwise why would he invest his money IN Carnarvon.
If this is not a hint I dont know what else to say.
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