The decision over the two rigs will be interesting. Its a catch 22 really two rigs should increase production but will definitely put pressure on cash flow.
At a production rate of around 2500 bpd its had to see how cash flow could fund a second rig.
Possible to see a dip back into high 30's if L20/50 is unsuccessful IMO.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $205.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $127.3K | 1.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 6123931 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2572519 | 16 |
View Market Depth
| Last trade - 11.36am 23/07/2025 (20 minute delay) ? |
| CVN (ASX) Chart |