CVN 3.03% 16.0¢ carnarvon energy limited

Run Out of Steam?, page-19

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    This may have been floated before but maybe the Koreans would be interested in taking us out. Also a merged STO/WDS would definitely have an interest given WDS experience and history in the area. WDS has a wonderful balance sheet and keen to expand. It's moves in West Africa and Browse are game changers and reflects its commitment to the industry. The conservative Gallagher will quite rightly step aside and ride into the sunset weighed down with heavy saddle bags. And good luck to him. He's done a great job at STO. CVN SHs will be gnashing their teeth though.
 
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