CVN A$158 mill cash and receivables, page-100

Eyes,

Imho if our JV partners were a bunch of Aussie juniors you'd be right. However our operator has a very good record of adding wealth by the drillbit, therefore I would instead say that on a risked basis the market will be expecting a healthy mark up on any cash actually spent on drilling. Concern wrt the cash imo are more likely to be impatience that it may be spent too slowly.

Really Eyes, given your recently expressed views on oil, and your views on the merits of drilling at all, I really don't know why are interested in the oil industry at all, let alone why you hang around this particular stock which appears to be and do everything contrary to your own strong preferences. Really might as well hang around a gay bar looking for a nymphomaniac.

EL