Just a ball park number.
I don't think they will side tracking PS2. To risky with the extremely high pressure gas zone.
So a new well needs to be drilled.
And as PS 2 was successful is it not the case that CVN will have to fund the whole 20%, not just the AUD 5.0 million but total amount ie AUD 20 million (approx)?
CEO Newsletter 23 Dec 2016, page-16
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |