The downgrade in reserves was actually a bit milder, than I was bracing myself for.But to release the reserves report without the long awaited for field progress, is a further blow to investor confidence.What we need now is a large dose of positive RESULTS,discoveries, and a prodution increase in these times of high oil prices.
Once a potenially top junior oil explorer, cvn are certainly heading down the ladder to mid tier.
reserves report.., page-4
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