Reserve based traditional debt finance works on the amount of 2p reserves the company has booked at the time of financing. (At a % LVR)With CVN that is only the 10% holding of the Dorado 2p reserves. The pavo nth find is not 2p yet only 2c as confirmed by CVN in today's release therefore a successful appraisal well must be drilled probably before the financing and FID to convert to 2p reserves and enable greater amount of traditional reserves based debt financing."The Pavo-1 well discovered 43 million barrels (2C, gross) (refer to ASX announcement on 2 May 2022) of oilwhich is currently being recognized as a contingent resource."
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
19 | 1776385 | 19.0¢ |
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Price($) | Vol. | No. |
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19.5¢ | 114832 | 3 |
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13 | 1069385 | 0.190 |
16 | 2134901 | 0.185 |
9 | 822672 | 0.180 |
5 | 282022 | 0.175 |
4 | 310500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 114832 | 3 |
0.200 | 828315 | 12 |
0.205 | 720721 | 11 |
0.210 | 770536 | 16 |
0.215 | 376747 | 7 |
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