Equinor granted WA-542-P, page-29

My thoughts and I stress these are the thoughts of a farmer from the central west of NSW, but someone who has owned and researched cvn for a decade.

Dreams of becoming a producer at dorado disappeared when BP and Equinor appeared next door. We are probably now at the last opportunity to buy at a reasonable price - takeover price 70-120% above current price. Some investors/punters have been patient for a long while but I cant see cvn (dorado) surviving more than 2 months after FEED which should be released within 7weeks.

Thought going through my mind is that Adrian sells off Dorado permit at a great price and uses proceeds to pay a strong dividend (which he and other shareholders deserve) and retains capital for exploration and projects advancement on the other permits. I just have gut feel that exploration is what he loves, after all company slogan is Exploration by Innovation. Even his Attic oil concept is unique. I would back his team to find more resources if that’s where he guided the company. DYOR