CVN Value and Share Price Catalysts, page-185

I had a one on one meeting with the CEO .


At only US $70 oil

dorado 32 M / pavo north 13 M

45 million barrels x $25 M reduced to time value $ 12.50 US equals $562.5 million

At 0.75 US / Aus conversion

$750 million plus $120 million cash

equals $870 million

divide by 1.8 billion shares

$0.48 c

plus

100 million tax benefit to be realised via PRRT and tax deduction in first two years of production Dorado .

$0.53

plus plus in the leases
Pavo South 15 million barrels at PSI 51 percent likely to be drilled next .
99 other prospects containing possibly billions of barrels of oil .
plus plus plus is even higher if oil price remains elevated ...
ignoring The multiple Renewable diesel plants ... in future producing a steady return ..

That is why i believe the present share price is heavily discounted to this company's value.