CVN 6.45% 16.5¢ carnarvon energy limited

Thai Divestment, page-31

  1. 3,790 Posts.
    I was an investor of Cvn when it was less than 2cents and three joint venture 60% owners ago and no drilling in Thailand.....first JV didnt want to drill and were taken over..

    i got bored with the lack of action and left....

    its because of Thailand that CVN is where it is today...and has lots of cash...

    the main risk I recon is that Apache drills everywhere and does not get anything into production and the cash that CVN current has is sent down the drill holes...
    dyor
 
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