The whole assets + cash + liquidity are probably worth around 30c per share. They might probably like to strike a deal with someone like Beach or CPC for around 25c as a discounted price for timing of production or FID.
Looks like Russell has done this sort of raid before...see link
https://youtu.be/4mN22H6IvJ4?si=cQ1O3GGkqCPfECXN
CVN Price at posting:
16.8¢ Sentiment: None Disclosure: Held
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