For mine, we won't be able to guestimate with any sort of accuracy until the results are back and market gives full valuation on what we have at this point.
The market has added 16c per share value to the 30 to 300 million barrels of oil range the Apache bloke uttered first.
The market hasn't reacted too the second utterance of 300million+ barrels he gave to Apache investors?
When lab results back we'll know what the market thinks.
But as the roc prospect is twice the size , I'd expect double the 16c per share , that's 32c per share as a minimum.
So that's 56c minimum , without any consideration for the 300million+ figure or any recognition for proof of geological concept and value for other prospects already identified.
But a small part of me wants them to keep the foot to the floor, so to speak , and arrange the finance to have a crack at those Apache profitable assets coming unto market.
Opportunities like that don't come along everyday.
Imagine what those assets on the books would do for the sp.
CVN Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
(20min delay)