Nice little summary of expectations there, thanks nutcracker. I have to agree with you, as I can see $1 share price very clearly and the $2 close behind. The bit from the last announcement that excited me particularly was
"Construction is currently underway on location NSE9-G, located at the crest of the NSE central fault compartment where up to three horizontal wells are anticipated to be drilled from the same surface location, commencing in approximately 5 weeks. With the approval of the NSE development location in hand, production is anticipated to ramp up significantly over the coming three to six months."
If these wells produce at a similar rate to L44H-D they could add another 10k-12kbopd to present production. Big IF but very possible
CVN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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