Redcorduroy,
Wish I'd put it like that.
It wasn't just the rock, Imho the area suggested was woefully low. Basically it is complicated and we will have to wait, even then it will only be a ballpark.
What I would suggest is it looks like a substantial fraction of what is in the main reservoir, therefore expecting a few (more than 2, less than 10) million net to CVN might be a starting point.
Market has added 17% in 2 days, suggesting the collective view in the order of 20% risked addition to reserves? I"ll buy that for now.
EL
bingo, page-16
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15.5¢ |
Change
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Mkt cap ! $277.3M | |||
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