Hey Folks,
Aside from some dumk traders, what did anyone serious expect from the announcement today, far too soon to have tested the well AND achieved a week or so of stable flow. I don't want an announcement after three days flow to find it waters out the 4th day.
Today we got confirmation that past wells are performing VERY well, to be achieving 1400 bopd. We've got this far with one rig, and we must now be self funding one rig. All further assurance to me.
Success with NS1 could be good for cashflow, but I am not sure that it proves much either way.
L44-G. That is the next milestone that we should be focussing on imo, this could prove the Na Sanun field to be far from modest for a company of CVN's size.
The sp action the last few days, well nothing but chartwatchers following the lead of chartwatchers, and listening to the rampers on hc. Start one off and they all go in the same direction just like sheep.
EL
great announcement, page-44
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