Sure hoping we have something of value in Pavo, as it would help in several ways:
1 The obvious value itself
2 Enhanced enthusiasm for nearby exploration and valuation uplift on that exploration potential
3 Uplift in our sp for any Dorado CR
4 Proceeds from reducing our stake in the permits from 30% down to 20%, probably ahead of Dorado FID
I should disclose that as a long term holder I am also in a medium term sale process for my CVN holding. Already reduced a little in the low 30’s, but will not be selling any more until the sp is more realistic again. I”ll wait until Dorado flows if necessary.
EL
Ann: Pavo-1 Drilling Update, page-118
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