CVN 0.00% 16.5¢ carnarvon energy limited

Ann: Quarterly Report December 2019, page-35

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  1. 3,418 Posts.
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    Probably would take another big find to push it from $1 to $2.50 market cap is at $555M now. A fairly decent chance that may indeed happen given the way the new 3D process has been performing. What the likely timeline is I couldn't guess at, but one might expect most of the effort this year will be on the 2 fields that are known...I know buffalo still has some uncertainty. Maybe some drilling with Santos on another prospect might be on the cards towards the end of this year.
 
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