Acquisitions ..., page-13

You are quite right about trying to get a major interested in their 100% leases, but its changed days as far as trying to get some interest now. Looking back at an old Oil & Gas bulletin from Jan 1999 there were seven wells being drilled, appraisal or plugged WA offshore. Currently there might be one so almost zero interest. I also note on that date that CVN was 15cents, so one could say in 22years management have achieved absolutely NOTHING share price wise. I agree with Mitchdon that there is great value in some of the smaller oil/gas companies with proven reserves and cash flow, for example TEG, BAS ect that could give CVN some cashflow while waiting for Dorado development. However, it does not mean that a T/O is possible at the current silly prices. With TEG for example at the current price you would really be getting the company for nothing, in fact most likely a cash gain.