So CVN sells Thai assets and becomes a 100M cash box with a "potentially" really big find.
The "find" is not as yet deemed commercial and today's announcement is a big disappointment.
What seems to be panning out as the real CVN focus - Roc - free carried - but 6 months away.
If a WPL takeover is really on the cards Adrian is going to be heralded a genius if an offer is above 30c or a pariah if the offer is 20% above today's SP.
Peter Coleman @ Woodside is pretty conservative and IMO focused on Apache not CVN right about now. Do you really see him doing a take over offer 100%++ above today's CVN SP?
Market is crap & POO is down.
CVN is hardly controlling the "game".. Fasten your seat belts.. we are in for a long wait & a pretty turbulent ride.
Ann: Phoenix South-1 Well Result Update, page-57
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16.5¢ |
Change
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Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.3¢ | $887.4K | 5.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 286883 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 40386 | 1 |
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