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22.0¢ carnarvon energy limited

Hi Cosmo, another highly informed and valuable post. Thank you...

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vintage1961

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17/09/19

17:53

Post #: 40455805
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Originally posted by Cosmoterios: ↑

Just back from the presentation in Melbourne.

Shorting our SP:

- Can confirm the company is aware there are a few funds shorting our stock (one fund is doing most of the shorting),
- For what purpose, they don't know.

Buffalo: - A shortlist of 3 parties are vying to be our JV partner,
- Under normal circumstances (where there are no delays), it will take up to 18 months to get first oil out of Buffalo,
- CVN is looking to getting at least one free carry at Buffalo,
- The first drill (if we were to secure a JV partner now) will likely take place in about 9 months,
- The board have discussed the option of selling Buffalo after the first drill, so that we don't need to raise capital for Dorado and if we do, it will be a small amount (refer to my post here https://hotcopper.com.au/posts/40343912/single).

Flow test results:

- Could take up to another 3 weeks (Max) to complete,
- Baxter flow rates should be out first (within next 2 weeks),

Any way, that's my interpretation from what I heard.

Good luck to all.

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Hi Cosmo,

another highly informed and valuable post. Thank you so much for the support and effort you've made.
Greatly appreciated by everyone!

CVN Price at posting: 39.5¢ Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

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(20min delay)
Last 22.0¢		Change 0.010(4.76%)		Mkt cap ! $393.5M

Open	High	Low	Value	Volume
21.0¢	22.0¢	21.0¢	$593.6K	2.762M

Buyers (Bids)

No.	Vol.	Price($)
1	4044	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	1066642	14

View Market Depth

No.	Vol.	Price($)
1	4044	0.215
5	300780	0.210
13	636105	0.205
15	880902	0.200
8	591737	0.195

Price($)	Vol.	No.
0.220	966642	13
0.225	696662	10
0.230	960072	20
0.235	1191398	14
0.240	655253	10

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 22.0¢			Change 0.010 ( 4.76 %)
Open	High		Low	Volume
21.3¢	22.0¢		21.0¢	1193261
Last updated 15.59pm 28/05/2024 ?

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