CVN 0.00% 16.0¢ carnarvon energy limited

3 rigs, page-12

  1. 354 Posts.
    Entrepy, don't think my angle is one of doom and gloom. It's actually the opposite.

    I am merely stating the companies objective in the short term will be ramping up production numbers due to:


    a.) Getting the cash through the door to upgrade transportation issues that will become apparent by year end.
    b.) While they wait for Environmental approval on the 27 new wells (due mid April) they have a prime opportunity to fully exploit there proven fields.

    Until then; yes, a fleet of trucks or tuk tuks will actually suffice and booking more slots at the refinery isn't a problem, the refinery can also handle anything that it throws at them.

    There will come a time when on-site storage, the number of trucks waiting to get filled and all the new discovery well producers gushing oil will have Ted running to the refinery with bags of oil on his head.............


 
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