Ann: Fully Underwritten Institutional Placement, page-99

Where to from here?

It is becoming increasingly likely in my opinion that a T/O offer will come pushing very soon...Selling down a stake in Dorado? I'm sure that any serious player would rather just take the entire CVN stake. That way they get the derisked exploration upside of the basin plus a few proven reserves worth a few billion. It seems like a very lucrative deal for the right player.

We might never get to realise the true worth but I'm thinking we will get a handsome payday in a much shorter timeframe.

For me this will be a given payday... the question is how lucrative?