CVN 2.50% 20.5¢ carnarvon energy limited

The "well" that is being tested (with results any day) is a high...

  1. 268 Posts.
    The "well" that is being tested (with results any day) is a high risk exploration well, so expectations are very very low.

    If it flows then that would put a firecracker amongst the pigeons. However nobody expects anything ... other than perhaps a sniff to indicate potential. Most mid cap oilers are trading considerably below their higher levels despite the US$136 per barrel poo price.

    The production multiwell pad "wells" will result in the next decent SP move.
 
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