Excellent news again.
The scope of the JV's reserve is quite unfathomable. I imagine that both partners have nothing but "wild guess work" as to just how much oil is contained within this JV.
IMO CVN must purchase their own rig (or rigs). This is both for their other JVs (Thai) and to potentially lease to their joint venture with POE.
The company is cashed up and has decades of targets ahead. Shareholders always want smart use of the companies cash, and no shareholder could argue that CVN's own rig would be a waste of cash.
- Forums
- ASX - By Stock
- CVN
- announcement
announcement, page-13
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $268.3M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 14.5¢ | $169.5K | 1.135M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 433431 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 2494642 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 433431 | 0.150 |
19 | 742554 | 0.145 |
11 | 2621939 | 0.140 |
7 | 524305 | 0.135 |
11 | 595322 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 2494642 | 14 |
0.160 | 990433 | 15 |
0.165 | 695870 | 10 |
0.170 | 1519841 | 17 |
0.175 | 782073 | 14 |
Last trade - 12.06pm 08/08/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |