nineteen five hit, page-3

We may have fooled ourselves in relation to this well. CVN may have found a little oil, and lots of water.

But I hope not as I am still holding my shares in the hope of solid announcements in the mid to longer term.

We need to recognise that we are gambling when buying shares in explorers, and not expect every trade to be a success. Hence there is a need to spread risk.

The lack of an announcement is a concern in the very short term.

Fortunately there are plenty more wells for CVN to explore so 19.5 cents could still be cheap.