Nicholls,
The govt gets about 70%, not 30%.
CVN take has been estimated at about 30% based on a poo probably lower than today, and on production based on current reserves only. What I am saying is that the company take will drop well below 30% if all goes well. It is worth reading the broker reports on the CVN website, plus rereading this and earlier presentations.
I still like the story, and regret only getting part of my order at 40.5 on todays dip, but I do not expect a sp anywhere near $1 om the back of the NSE project alone.
EL
riu good oil conference, page-15
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20.5¢ |
Change
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Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $508.1K | 2.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 616799 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1035102 | 12 |
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| CVN (ASX) Chart |