CVN

0.00%

20.0¢ carnarvon energy limited

Very true. Hits like Dorado are few and far between.

First 34 Last

Share
Profile

Follow
Goldfarm

4,522 Posts.

282

10/02/22

16:29

Post #: 59490240
Share

Originally posted by Justlocal: ↑

Now might be a good time to just remind shareholders of CVN's previous commercially unsuccessful drills such as Roc South, and Phoenix 3, particularly PS3 as this one came with a promise of a very high gas charge experienced at PS2 and caused the drill to be abandoned. When they returned, PS3 was drilled from memory, just 500 metres from PS2 but they were unable to assess whether the hydrocarbons they found would flow at commercial rates. Porosity was 8% and permeability at lower range of expectations.( see Drill update 13th Aug 2018) From memory, the expectation of Roc South was that it may link to the Dorado field but proved a duster. Moral of the story.... Don't get too exited about your hopes for a win and remember, no one can say or knows what's down there until it is drilled and even then, the geological success may not convert to commercial success. So hope, by all means, but be prepared that either or both of Pavo and Apus could be dusters, or either or both could be winners. It's the name of the game when you invest in exploration companies. The disappointment of Buffalo result was to some extent understandable, but in my view, dissatisfied investors looking for someone to blame should look to themselves first. For their own excitement of an expected win clearly fuelled the overriding of prudent risk appreciation. I do not suggest the bet aught not be taken, just remember, that it is what it is; A Bet! IMHO. Onward and hopefully, upward. Cheers!

Expand

Very true. Hits like Dorado are few and far between.

CVN Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

There are more pages in this discussion • 20 more messages in this thread...

First 34 Last

Add CVN (ASX) to my watchlist

(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $357.7M

Open	High	Low	Value	Volume
20.0¢	20.0¢	19.5¢	$110.8K	554.5K

Buyers (Bids)

No.	Vol.	Price($)
15	1106170	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	221765	11

View Market Depth

No.	Vol.	Price($)
13	1046170	0.195
20	1671975	0.190
17	2418117	0.185
7	821672	0.180
5	327022	0.175

Price($)	Vol.	No.
0.200	138265	9
0.205	844125	14
0.210	986325	16
0.215	208847	4
0.220	677168	15

Last trade - 16.10pm 05/07/2024 (20 minute delay)

CVN (ASX) Chart

Very true. Hits like Dorado are few and far between.

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Very true. Hits like Dorado are few and far between.

Top Stories

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News