is cvn stuffed?, page-7

Its frustrating for sure, but I can reconcile myself by glancing at the cashflow statement in the DH.

CVN is a (ASX oiler) rarity in essentially being a self funding oil explorer. OCF covers our exploration and development costs, no cap raisings to draw funds out of shareholder wallets to drill wildcat holes in the ground.

Not saying frustration isn't justified, the newsflow from the field has been brief excitement followed by continuous disappointment over the last 2 years.

Still we have long life permits, a favorable tax structure, rising poo and an oily piece of ground in the PBJV.

This will fund other exploration in Phoenix blocks and Rangkas etc.

Also the possibility that a learning process will lead to more favorable development of L44,L33 and WBEXT over time.

Its not stuffed by any means, just slow challenged progress.