placement at 1.17 per share, page-32

My view.

CVN has had a huge run, more to come but much higher country risk.

MPO CBM is boring but safe investment if you can get the gas to flow, not normally a huge bagger from exploration success, a slow steady earner.

INP has had a huge exploration success, size of discovery is under-rated by ASX. Extreme take over target. No country risk.

In conclusion and talking my own book maybe.

So I would buy INP, sell some CVN, sell all MPO and buy OEL for more offshore high risk exploration exposure, eg OTTO Argentina landholding looks really interesting.

I hope that helps.

cheers

PC43

I also own ARQ and BKP for a bit of fun.