Ann: Corporate Presentation, page-9

I think Muza has nailed it, after many years of frustrating investment experiences with CVN I have come to the conclusion that offshore oil development is just too expensive and so demanding in terms of drawn out time frames that smaller operators cannot survive. In essence you need a massive financial capacity and a portfolio of income producing assets providing continuing streams of revenue in order to survive and flourish . CVN has neither of these, and the best thing they could do for shareholders would be to sell out the remainder of Dorado and return the mountain of cash to shareholders. Of course as Muza points out they wont do this because the wonderful flow of salaries , bonus share deals and Directors fees would stop . As Paul Keating pointed out, self interest starts favourite in every race.