The amount of oil reserves that CVN now has proven would be 30 million from Dorado and another 12 million from Pavo, so around 42 million. The Pavo adjacent structure is looking at around another 12 million, and then the whale called Apus. I have lost the numbers proposed on that. Surely, we won’t need a CR with these magnitudes. I’m more worried that some entity will try to gobble CVN up before we add Apus. Having held AWE shares, I felt that the company folded too easily at a cheap price to the Japanese
purchaser. Perhaps, when the market digests the implications of the proof of concept to this opposite side from Dorado, they will cause a rise in our SP. The STO announcement mentioned the 2C figures for Pavo, but I didn’t see them in the CVN announcement. I think that CVN included them in a recent presentation.
Happy to have my arithmetic adjusted by someone with more knowledge. The Pavo success is much more than just it’s 12 million barrels for CVN.
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