CVN 0.00% 19.0¢ carnarvon energy limited

glass half full or half empty

  1. 688 Posts.
    Well I am surprised at the markets reaction today. This goes to show how a majority see the reports with "glass half empty" filters on thier brains.
    The production transport has improved to 6000bopd from 5000bopd at last production report.
    Current refinery capacity has been increased to 10000bopd, from 6000bopd in last report. Second refinery contract about to be signed to take capacity up to 20000bopd.

    More trucks to transport are being organised, so that total production can be transported, in immediate future(this month and next month).

    Management see production going to 20000bopd in near future, currently at 10000bopd.

    All this and Sp moves a few cents. WTF.

    Well I am adding to my holdings, I have been in this stock since 8.5c and average now 32c.

    This is an amazing field and these guys are going to deliver, they have much more to go & the NSE field has hardly been tickled yet.

    These are my thoughts at the close of today, amazed....

    cheers

    stevero
 
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