CVN 0.00% 16.0¢ carnarvon energy limited

Ann: Corporate Presentation - Pavo Discovery, page-36

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    Every new find will add to reserves and be the foundation stone of this company. So I say be patient accept it is going to take another 4 years to production. Cookie will keep poking around this area improving the chances of further success and given they have some very good permeable soils down under and as one of the more learned contributors( sorry I forgot who) has pointed out in the past. Closer to the coast has been more successful well that would be noticed by the geo's too and as we have 100 possible targets. Even if they whittle that down further to say 6 with a high probability of success that are of a similar sizes to what we have already encountered HOLDING will be a easy very profitable pursuit. Unless your retiring soon and need the cash asp. Sometimes it's harder to sit still than rush around thinking your doing better.
 
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