Where to now?, page-105

Once again: Where to now?

Obviously ROC2 is a resounding exploration success now primed to produce and confirms the technical and leadership abilities of all concerned.

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There is great potential within this basin for significant hydrocarbon volumes to exist as I have referred to on numerous occasions. These results provide Carnarvon and its partner with enormous blue sky potential and a platform within the Phoenix South and Roc area in which to test and develop this potential." (MD's comments).
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So.....what direction do we now take? One suggestion if production isn't seen to be our forte---might we sell off a major proportion of our 20% holding in this exploration permit for a pot of gold and repeat the exercise remembering we have permits which we own 100%?

Not against production per se, but funding even a 20% production holding will produce unwelcome shareholder dilution in what today are unstable capital markets.

Was somewhat surprised in the strength of todays selling given our success, however the Fundamentals of the reinvented CVN have become even stronger, the question is: How to really capitalise those Fundamentals and "the enormous blue sky potential" in the shorter term?