I sort of like CVN too, but let’s not get carried away. The size...

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    I sort of like CVN too, but let’s not get carried away. The size of the discovery is not yet known so to say it is the 15th biggest etc is not accurate. It could be bigger or it could be smaller. Next year they will be drill at least two appraisal wells on Dorado. Appraisal wells always carry some risk. Reserves are calculated on well data , not seismic. 

    Bottom line is at these prices it is a risk worth taking. STO also appears undervalued , but probably the most undervalued stock I can find is BRU which has a large area of the Laurel formation (wet gas ) in the onshore Canning, plus current oil production from the Ungani field, plus some very attractive exploration targets, plus plenty of cash, and......they are now allowed to frack. 

 
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