Axegun,
Agree with Jordy and Ohyeah.
There IS NO PROBLEM, it's all perception, our impatience and our (and the companies) expectations on production having gotten a little premature.
Forget the lightweight Morningstar stuff, and take a look at the company issued material. In particular take a look at the recent 49 slide presentation, and don't overlook slide 38, showing the enviable (and unequaled on the ASX) oil reserves build.
Also HIGHLY recommended is the recent POE presentation.
"When will CVN deliver a decent profit or an indicator of a good return on capital invested. Hype is no substitute for real commercial return."
Well for that you need to look in the annual report, where you will see how very false your observations are. CVN's return on capital invested is in fact very hard to beat in the oil patch.
EL
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