That is great news... Apus-1 is setting up, rig on location
CVN...Substantial but not full cash backing and configured for possible sell down if needed as a backstop.
This is CVN's game changer well, 1 in 3.5 chance approx of a very good outcome.
Hoping for a great outcome in that long tail between P50 and P10 estimates of oil equivalent. Logic says 1 in 10. I am bucking the odds in this casino the seal will be intact. Not going bother with figures of merits, this one is just wait and see.
( can see the variation in estimates on sale price if Apus is a success I think we can add another 10c for the hit rate of the basin, ignoring found barrels)
APUS SPUD imminent and a biilion net profit potential, page-25
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Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
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