Ann: Corporate Presentation - Pavo Discovery, page-24

yes a bit gobsmacked at what Pavo means to CVN and a sp reflecting that the mkt believes it is only a small incremental advance - i get some of the funding issues and possibly management should not have been so open with all the possibilities - mkts hate or use such indecision as a negative. - but funding is needed when u find something economic - and funding is still needed if u find bugger all - i will gladly welcome whatever CVN decide in terms of funding - because they really do have the tiger by the tail now having opened up the entire basin ( if it wasn't already pre Pavo) to some pretty enormous potential that isn't some geo theory - it is proven hard drill bit evidence based on some bloody handy modern seismic - it doesnt get much better than this in terms of being able to shoot for more resources and reserves with a very good chance of success - this is big boys arena and also it will be real interesting to see STO's sale of equity in the project - how quickly it occurs and for what price - PAVO made their day in terms of price