full poe announcement, page-17

Surprise surprise more oil new deposit well out of the existing production area. Now if only I had a Phitsanulok basin in the back yard.

You would be very shortsighted to think that every well sunk is going to flow commercial oil. However imo your absolutely kidding yourself if you cant see the big picture about just what CVN has in Thailand. The scope is quite massive with very little risk or expenditure needed. Most oil companies would kill for such easy .... low cost/high profit deposits.

The reserves are the main "key to value" and that key will be ever increasing in a northward direction "for decades". Easily the biggest onshore discovery in Thailand so far.

From the depths of despair back in 2002 to the new board turning it into a Cinderella oil story. Very pleased with the direction CVN has taken.