Management have done a fantastic job to turn CVN's fortunes...

Management have done a fantastic job to turn CVN's fortunes around.

Not so long ago the future was seriously bleak for shareholders. The GFC saw management pick up the WA leases at a discount, then did their diligence on the prospect, sold the plan successfully to Apache, and now we await potential game changing results - a far cry from a few years ago.

The oil price is not managements fault. Thank god the drilling was done prior to the huge drop in price, and Roc drilling signed up. In a few years time this nasty play going on may even benefit investors with a stronger oil price. Hindsight is always clear, but I'm more than happy with how CVN has been managed lately. Of course the rout going on is disappointing- but it is across the board in the sector.

Patience for not much longer is required.