the space i want cvn to be in., page-16

Freida

I am always happy to hear other views.

My knowledge of CVN is limited to reading annual reports and quarterly reports from around 2006 (after POE entered the PBJV), so if sandstones were overly significant before this time I would have missed it.

Again though i don't see the WBEXT sandstone drilling over the next 12 months as highly likely to substantially increase our net production. Any previous production out of the F & G layers has been low bopd. Possibly the reason the JV become so enticed and distracted by the high flow rates of the volcanics in the permits.

Time will tell, I certainly arent't pondering an exit at this level but also find it very hard to forecast a substantial increase in production for anything other than temporary spikes that have occured in the past.