This is big news as its the first time the company has given detailed update on the new strategy... Companies don't usually advise this sort of material unless it's 98% a goer..i assume all they are really waiting for now is all the EP's approvals to give the green light on FID. If this is all correct, then CVN will be approached soon after FID. The shorter time to first oil and reduced capex will be TOO compelling for someone like Beach or CPC or others.
This is big news as its the first time the company has given...
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16.5¢ |
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Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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