CVN 0.00% 15.5¢ carnarvon energy limited

My favourite part to the announcement today.Steady growth in...

  1. 1,882 Posts.
    My favourite part to the announcement today.

    Steady growth in production = cashflow = increase in capital value.

    Its all good news so far..

    From the report today.


    With the initiation of drilling from the 4 well NSE-A pad, production is anticipated to
    increase significantly over the coming two to three month period. An additional three multiwell
    pads are under construction over the northern undeveloped portion of the NSE central
    fault compartment. In addition, land purchase is underway for a number of drilling locations
    in the NSE north fault compartment (a large prospective resource region) and the NSE
    central fault compartment (a large 3P reserve region), with the objective of increasing the
    Company's proved and probable reserves.
 
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