With POE as operator of the L44 and L33 leases CVN would not have needed such services themselves.
With the new exploration permits they obviously need such skills (amongst others) themselves. Without evidence otherwise I would simply see such advert as predictably accompanying their moving to operator status.
Chewy,
Well said. Without Ted the company would probably have walked from the current assets for a pittance. Would not have cheaply acquired the interesting exploration portfolio either. Further imho it appears to me that Ted has been a driver to some of the JV's best successes, eg WB Deeps.
Wishlist shouldn't be in this stock imo, he's bagged it enough in the past to know what he is getting, plenty more (loser) ASX oilers to choose from.
I'd be happy to see Ted stay as CEO for another decade. Seems astute businesswise, patient and well skilled in sniffing out oil.
EL
CVN Price at posting:
39.9¢ Sentiment: LT Buy Disclosure: Held
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