Steelpig,
I'd like to know a bit more about the history of the field, if you have a bit of time to explain?
My understanding is CVN was headed up by some guy that is now at AED (can't recall his name, but it seems he has a history of failing to maximise the potential of his projects...)
I wasn't aware that the current CVN block has flowed large quantities of oil previously though. More info please! Was it from sandstone reservoirs, or fractured volcanics?
There is undoubtedly an element of risk with the extraction of oil from volcanics, but I think most investors are aware of the risks, and are confident POE/"new"CVN know what they are doing. Look on the positive side Steelpig, not too long now and you'll be able to exit at bresk even!
a word of caution, page-16
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