CVN 3.13% 15.5¢ carnarvon energy limited

Is PS3 worth $2 a share to CVN?, page-16

  1. 13,293 Posts.
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    When I see a substantial share notice then I will know we are in play.
    Anyone who looks at the graph from the 3D can see the minimal OWC at the Crespin level brings into play the massive oil accumulation possible in the Caley alone.
    Even the OWC in the Crespin, which was also oil saturated didn't end the oil accumulation as the Milne proves that.
    These accumulations IMO only happen in the Gulf of Mexico.

    What were we looking for in this drill?
    Gas!!!!
    What did we find?
    Oil!!!!
    Tell me this area is not oil saturated?
    One well in and already we have according to pundits the biggest find in OZ for 40 years.
    The SP has ballooned from 7 cents to where it is now.

    This find is unheard of in Australia after one well.
    Who knows how big this accumulation is.
    All the pundits who commentate on these things I believe still do not realise what's been found here.
    AC and Fred do but the mainstream have still to come to grips with this find as its been so long since its happened on our doorstep.
    It will only cost us a measly $20m to appraise this find with say 2 wells.
    How good is that?
    We are cashed up with $60m so its peanuts to CVN.
    PS3 is paid for with the insurance from PS2 and the tight rapport we have with Quadrant with the deal we have with them.

    Although I hate broker reports I want to see what they say.
    Coverage will be huge.
    This is the tip of the iceberg as its possible what we have found is possibly the biggest find in OZ ever.
    So many leads and possibilities.
    Mindboggling really.
 
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