CVN 2.94% 16.5¢ carnarvon energy limited

It's good for CVN

  1. 180 Posts.
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    I think the Apache sale is good for CVN, having a less dominant operator should mean a better flow of information while still maintaining local operating knowledge is a real bonus, I think as a group the owners of these permits will be more dynamic and have more of an incentive to succeed.

    In this business a smaller operator (with finance) is way more efficient and will generally make more profit, they are able to achieve goals that the big operators cannot.

    If there is more oil found in these permits then things will get really interesting, we now have six major groups controlling these permits with on the ground experience and they know how to make a deal happen, I think it will be exciting times ahead!
 
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