CVN 0.00% 17.0¢ carnarvon energy limited

Cad1llac,I also subscribe to your view of more production...

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  1. 13,990 Posts.
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    Cad1llac,

    I also subscribe to your view of more production stability, more predictability with the lessons of the past three years, the number of wells and the diversity of oil pools.

    If we'd never had the 15,000 prediction we'd all be very happy , the market would be happy (but would never have gone to 90).

    I really keep casting my mind back to slide 38 of the recent presentation. It really shifts the emphasis back to reserves building, and highlights the extraordinary reserves replacement ratio. As long as we generate enough cash flow to stay self funding oil in the ground is not a lot worse than cash in the bank - we have 30 years to get it out.

    EL
 
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