Time for a review of where CVN is at in Thailand.
Remember the following matters that have been touched upon at various times recently.Ive drawn(and posted) various conclusions about what is going on in the Thai leases.
1.I have speculated that Towngas has hired out the huge ,sophisticated Elite rig (for about a year now ) most of the time only being prepared to drill a very select group of multi-target,multi-regime (S and V) wells- this is to continue to prove up some conclusions about the future of the V regime,in particular, while protecting the cash position.
2. Within the framework of "1" CVN has referred to a recent key well, WBext-2C, as possibly being a template for up to 3 more similar wells (which I have referred to as being right up the (expensive) Elites alley.
3. The approach above is intended to preserve the cash but,when drilling actually takes place, its a
Ann: Thailand Drilling Update - WBEXT-2BST2 , page-2
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.5¢ | $50.66K | 307.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 627533 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 550718 | 18 |
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| CVN (ASX) Chart |