cvn about to blow past 23cents, page-46

unfortunately the rather bullish prediction of 23c didn't happen today, but I've got to admit I'm pretty stoked it's holding above 20.

As to the future predictions, lets look to the past! Prod @ 30/04 737bopd
NS4 685
Total curr prod 1422bopd

Based on the investor presentation, the JV requires production of around 2600bopd to fully fund four wells per month, which means that NS1-RD needs a sustained flow at approx 1180.

Assuming either NS2 or NS5 flows at a rate similar to NS4 CVN should be cf+ by end of July, after that any new production is money for jam......

Regardless, if NS1-RD doesn't flow oil, CVN only need another two wells like NS4 to pick up the slack, which still suggests cf+ by end July.

Add to that the additional zones on the currently producing wells that haven't been perforated yet.......

On the other hand there is still the possibilty that everything will go pear shaped and we'll all lose everything we've put in, or is that what makes it interesting???????

The above is pure fabrication and should not be relied upon when making a decision to buy CVN