Woooo Hoooo go CVN :)$$$$$, page-91

Perhaps.

You’d definitely be right if we hadn’t already done our divestment.

But now, much as I’d like to see Pavo advanced, perhaps it is in our best interests to preserve cash and defer the appraisal as long as possible, perhaps to coincide with the Dorado development drilling.

Perhaps we might even have a sp again by then, one with which we could rationally rattle the tin for exploration, although I don’t expect another CR.

STO might be keener on advancing Pavo earlier, depending on their timing plans for their divestment.

Important things wrt Pavo, we retained a very healthy 20%, and it doesn’t sound like appraisal outcomes are expected to further influence Dorado decisions. Plan B might simply be more patience?

EL