it worked.i like this part... "Net cost to CVN is less than $20m...

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.