CVN 10.8% 16.5¢ carnarvon energy limited

waiting on news, page-13

  1. 2,320 Posts.
    wipz - Ted made it clear about a year ago that CVN were going to stop reporting on every single well test and instead provide updates with a suite of results. I am a bit hazy but I think the reasoning was they are no longer an exploration company that relies on the success of each individual well. Many of the wells are simply development wells (both J1 and J2 are) so almost no brainers that they flow. I also remember something about discouraging the short term trading behavoiur of ramping the stock up evey few weeks in anticipation of every well test. So I wouldn't necesarily expect updates on every well individually - the exception being if they hit oil on an exploration well - I am fairly sure they would have to release that news ASAP.


 
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