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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it worked.i like this part... "Net cost to CVN is less than $20m...
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Mkt cap ! $384.5M |
Open | High | Low | Value | Volume |
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10 | 540018 | 0.210 |
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Price($) | Vol. | No. |
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0.225 | 1547921 | 13 |
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