EL, I'll have to take your word on the accounting principles employed. Could this downgrade of future taxable income be caused by an increase in estimated future costs? If this is the case, I wouldn't say that's a negative, in our current situation I'd say that's expected.
Our only significant revenue producing assets (Thai oil) appear to be doing quite well. New techniques employed in the volcanic wells (choking back flow etc.) seem to be working. 12 months ago, a steady 4000 bopd would have been a dream for most CVNers. With further exploration & appraisals planned in the Thai permits, I can't see us going backwards here.
Bottom line is Oil Sales were up $4.9m (up 27%). I don't see how anyone can say that is a bad result.
EL, I'll have to take your word on the accounting principles...
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $393.5M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.5¢ | $235.3K | 1.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 357240 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 290273 | 9 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
21.8¢ |
Change
0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.0¢ | 21.5¢ | 613600 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| CVN (ASX) Chart |