CVN 0.00% 15.5¢ carnarvon energy limited

I believe if oil remains around $75 US per barrel if Dorado is...

  1. 92 Posts.
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    I believe if oil remains around $75 US per barrel

    if Dorado is 33 cents at present with 30 million barrels net of liquids
    if Buffalo success mid case 15 million net to CVN may be worth plus 15 c
    if Pavo success mid case 25 million net to CVN may be worth plus 25 c
    if Apus success mid case plus 77 million net to CVN may be worth plus 77 c

    so potentially late January / early Feb - 48 cents with Buffalo success
    mid March - 73 c after Pavo and Buffalo success
    mid to late April by - $1.50 if Pavo , Buffalo and Apus successful as well.

    CVN reserves may have an extra 115 million barrels of liquids added to their present holding of Dorado 30 million recoverable.

    This could be a lot higher if oil rises higher in this period of time and a takeover with premium ensues.

    I do hold a few of these so expect a bullish opinion.

    cheers
 
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