it worked.
i like this part... "Net cost to CVN is less than $20m based upon prior campaigns;"
that still leaves $80m-$85m in cash.
assuming Advance can raise their $20m for buffalo... that makes CVN's net exposure of $20m for 3 drills in the next 12 months... and if the oil gods are smiling on CVN and we hit the expected targets in each of the 3 areas (buffalo, apus, pavo) thats a $20m spend for a potential $700m increase in share price at the 80c target.
i have to ask myself, with that upcoming drilling schedule, and a previous success rate of 8 from 9 drills... would i be sitting comfortably if i was a shorter...
looking forward to the next 12 months and calling our old high of 69c our new bottom.
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.5¢ | $906 | 5.488K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 366481 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 54736 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 366481 | 0.160 |
11 | 512281 | 0.155 |
13 | 642103 | 0.150 |
21 | 815342 | 0.145 |
14 | 601427 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 54736 | 3 |
0.170 | 461110 | 9 |
0.175 | 894135 | 7 |
0.180 | 784711 | 9 |
0.185 | 877813 | 5 |
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