Yes it is very possible. CUE has staked out much of the same basin and an oil province has been implied from the CVN results. Of course, a TO is on the cards or a buy-in free carry where CUE spends nothing but retains a high stake. After all CVN only has a 20% stake in its prospect and look at the SP.
CUE the next CVN
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10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.32M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $45.51K | 433.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18327 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 943362 | 13 |
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| CUE (ASX) Chart |