CVN 0.00% 16.5¢ carnarvon energy limited

Ann: Dorado-2 Drilling Update, page-213

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  1. 19,072 Posts.
    lightbulb Created with Sketch. 2666
    No, Santos is running out of resources. They need to get Dorado up and running ASAP. They (KG) have said this a few times already. Its the reason they are investing a quarter of a billion dollar this year, in the appraisal programs.

    As to as good as it gets, no I don't agree - we still have a few monster surprises. It might not be the same as last year, that is going up 700%, but IMHO, it will go up to 80 cents plus. JIMHO of course.

    Last year was different as we were starting from a low base, with low expectations - we all thought we would find gas, but found oil. That was the big surprise.

    Any way, the market is behaving in a similar pattern to last year: a pop, follow by a pullback, follow by a slow climb, before another pop, etc.

    Lets hope for the best.

    Fingers crossed and good luck to all holders.






 
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