CVN 0.00% 17.0¢ carnarvon energy limited

Ann: Buffalo Project Update, page-2

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  1. 12,027 Posts.
    lightbulb Created with Sketch. 6797
    So...if you not trading CVN, then the reason to hold is pretty clear to me.
    Downside risk is low, proven commercial discovery's (at a higher POG) cash balance buffer, extremely skilled board, great projects. The only question is when the oil price rises.

    A shame CVN cannot get hold of some of the other acreage surrounding the buffalo field. I can only assume they would be able to bring those fields back to life too. Although perhaps more importantly, what other structures/targets are CVN now looking with the reprocessing done.?

    Slow and steady, a good adage.
 
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