Ann: Roc-1 Well Update, page-235

So 51 million barrels of oil , 20% of that ( cvn's share ) is approx 10 million barrels .

10million x $38 ( current Brent ) = 380 million , minus extraction costs !.

What does this equate to ?

I was lucky enough to exit near cvn's peak of 29 cents last year. My dad however still has a small holding , which I will advise him to sell if in a week or so the results of the wire logging are positive.

There are too many negatives with this stock:

1) oil price destroyestock

20% holding
3) apache wanting to exit

I am not down ramping , but please feel free to change my mind why I should rebuy back into this stock

Max99