Thanks Ya. Not sure if the ADV RISC report was released by CVN. I don't recall it. It certainly gives more clarity to the project and financials. Based on POO of USD50 RISC has assesses a 100% project NPV at USD339m based on 2C. I assume this includes the initial USD20m ADV has to spend. So if CVN's 50% share is worth USD189m (169+20) this translates to USD0.124 per CVN share or A$0.166.
I do like RISC's estimate of probability of development at 86%. Can we assume this is RISC's estimate of the likelihood the attic oil is there, the quantity, quality, and development?
Any upside to POO from USD50pb will be a bonus too.
Ann: Buffalo-10 Drilling Update, page-58
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $93.07K | 596.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 541153 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 938543 | 10 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |