This is where why CVN will be getting heaving bought over the next day, week and month.
Its the potential that people haven't factored in as yet.
"“The oil and reservoir quality we have seen point to a commercial discovery,” said Thomas E. Voytovich, Apache executive vice president and chief operating officer for its international business. “If these results are borne out by further appraisal drilling, Phoenix South may represent a new oil province for Australia.”
I bet Apache are already planning two wells straight after the Roc well is drilled.
http://www.bloomberg.com/news/2014-08-18/apache-says-discovery-may-herald-new-oil-province.html
EV of discovery just, page-221
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $201.4K | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 888369 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1476114 | 9 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |