Based on 2P reserves of 11 million barrels, that gives them 5 years of production at 15,000 barrels per day.
The key is how much more of there reserves they can convert to 2P and recent drilling has increased confidence that more of the 3P reserves will be converted. Next reserve update will be interesting as Bell Potter in one of their research notes said that it was reserves rather than production that would be the real driver for CVN.
opeckers, page-5
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 16.0¢ | $444.3K | 2.744M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1419150 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 332273 | 6 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |