Ann: Thailand Drilling Update NSE-B2ST1 , page-15

Hi Icey Doctor,

Nice posts as always. Going by their recent update to shareholders, the 3,000 barrels per day target appears on track. If this wasn't the case, they would have told us.
CVN has seen a nice bounce from the 5c mark and increasing interest as well. Traders appear to be back in larger numbers.
I'm hoping that they can atleast meet this target so I'm keen for any updates.
By the end of next year I wouldn't be surprised if CVN gets taken over (IMO) should it remain below 10c.
I've already indicated in previous posts that IMO CVN's assets are worth atleast twice the current market cap and the NWS assets are an extra bonus. Hence, my view that some companies might do their own evaluations next year, especially as we lead up to drilling action in the NWS late 2013. 2013 might well be a very interesting year for CVN.