Are you suggesting that someone knows it's going to be a dud? Surely they wouldn't spend up to 70 mill drilling a well they think is a dud. I would have thought the operator would have the best idea of chance of success given their financial commitment and data access, and I'd say they are in the box seat and think the chance of success is relatively high for a wild cat. I think it's weak at the moment due to lack of recent exploration success on the nw shelf. Good value in my opinion if you have the risk appetite.
What market cap could we expect to see in a case of success? Any one hazard a guess?
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Last
19.5¢ |
Change
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Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $11.4K | 57.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1973157 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 274550 | 13 |
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| CVN (ASX) Chart |