Just so that our minds are focused on the potential news to come this week or next, instead of replying to certain downrampers...
1.) CVI has the right to acquire 100% of Petro Energy Africa, a company that is in advanced negotiations with the Cameroon govt regarding the Niger Delta concessions...negotiations are expected to be completed this month as stated in previous news release
2.) North Matanda oil play feasibility study underway since early August. Have not heard anything regarding this for a good 3 months now....can we expect something sensational from this front? Mark has indicated that this project is best persued in a JV with Bowleven...maybe an announcement to this effect
3.) Angola Kwanza Basin oil concession soon to be granted? This has been ongoing since December 2006!! Taken a year now...what can we expect here?
4.) Dubai listing..CVI market cap now already satisfies the US$75mil requirement. Mark probably would like to nail either the Niger Delta or the Angolan Kwanza Basin before taking CVI to Dubai listing, as these 2 projects will really suck in the petro dollars!
are there anything else we are not aware of brewing in the background? so much going on with this company yet some ppl would still resort to TA to make judgement on sp prediction.
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
