A request for a trading halt tomorrow is likely. Let's hope the...

A request for a trading halt tomorrow is likely. Let's hope the ASX support it .

Today's late news has brought out a variety of views by holders. It is no co-incidence that the more experienced wiser heads here are generally positive, or at least more positive than those who have less experience as seen by their simpler analysis.

There is ample to be positive about and those who are making a direct inference from STO's low-ball offer, to a low CVN share price, are making an overly simplistic evaluation with disregard to CVN's true value. As others have pointed out, STO will hasten Dorado's development and further progress this new oil field, which is a positive which ever way you look at it, and that will reflect well on CVN's price if the oil grounds continue to expand. If not, it doesn't matter who owns it, the price will suffer.

The new corporate development is far from complete, and it is far too early to state on how it all may play out. The main game here is oil explanation and production, and CVN is still holding 20% of a major card that is most likely only to grow in strength on further drilling, and 100% of other profitable cards.

Those who assume that Quadrants relatively cheap sell price reflects on CVN, are making an illogical inference. STO are buying Q primarily to strengthen their gas folio, and Dorado is a late but welcome bonus. They are getting their portion cheap, and that is their good fortune, but the value of Dorado is what is under the surface, not the overall Quadrant price, just as STO's own price will rise on the further success of Dorado. It is like STO buying a bunch of flowers in late Spring when the lustre of the bloom is over, but only to find that there is a rare hybrid within. Their buy price may have been seasonally discounted, which includes the rare rose among the daffodils, but the rose is yet to be truly priced until it's DNA is revealed.

CVN is yet to be priced, and only the future of Dorado and their other assets will do it in an open market, and STO's progress will advance the whole affair.