CVN 0.00% 19.5¢ carnarvon energy limited

Ann: Roc-1 Well Update, page-4

  1. 23,919 Posts.
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    If oil sentiment wasn't so bad this would be pushing 10c+ IMO

    Cash backing of 10.5c with potentially 3c of further cash to come

    We have ROC-1 looking very interesting, on time and under budget with another $30-40M of free carry remaining and ROC-2 yet to be confirmed

    Under 10c it is money for jam, you are getting the discoveries and future potential for zip, yet retaining massive leverage to recoveries in POO - when the market capitulates like this, there is some real gifts when you look around
 
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