Though Ole loves the club, I doubt he will accept another "prove yourself" kind of deal again if he manages to convince the club he deserves a crack. At the end of the day, nobody likes being constantly scrutinized without being rewarded for efforts already undertaken. Plus, if he gets us top 4, his stock will be high and he will have a lot of decent clubs lining up to hire him, not just returning to Molde.
If he performs well for the rest of the season, Ed will have to bite the bullet and give him a 2 year deal while hoping he continues this rich vein of form. Suits us fine, he sincerely wants to do his best for the club, so obviously we as fans can give him a chance.