CVN did discover oil at PS1 @p10 of 300mmboo. FAR discovered oil @ FAN1 & SNE P50 of approximately 600mmboo,
net to FAR of approx 90mmboo on a P50 basis. Their P10 for both discoveries is in the order of 2.5Bboo.
If half is recoverable for CVN on a P10 basis then 30mmboo net to CVN. If half is recoverable to FAR on a P10 basis
then 375mmboo net to FAR. CVN needs to at least move that P10 into the P50 category. Both 2C results will reveal plenty
and I like both companies.
GLTAH
Ann: Divestment of Thailand Assets, page-57
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 15.5¢ | $627.4K | 3.817M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 306000 | 16.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 374569 | 7 |
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| CVN (ASX) Chart |