Ann: Preliminary Final Report , page-3

CVNS 3000bopd by the end of 2012 is the partnership figure-1200 bopd to CVN.
This is consistent with my guestimate of 3000 bopd to CVN in a little over 12 months,starting 8/012,excluding makeovers.
Both figures assume that ALRO comes to the party-mine certainly do but its vaguely possible CVN might not be taking the view that ALRO will allow the closed -in wells to be reopened in the period remaining to 31/12.
I dont think CVN will be anticipating in their 3000 figure too much,or even any,assistance from the workovers as the results will be liable to vary significantly from any expectations.
These workovers are the wild card where significant success will not only up the production but also have a major affect on the markets view of the underlying,attainable value for the oil-in-ground that is presently valued at something like 16 cps.
We have considerable certainty in the results of the upcoming S drilling for the next several months.CVN is quite bullish on the upcoming V drilling,but who knows with V wells.
Heres hoping the workovers work a treat because that is where big gains on all fronts are possible.