El
POE's release certainly is a good read for the detail it provides re L44/33. Their release clearly shows the remaining upside in this concession.
The low production over the last 9 months is only an issue if holders are looking ST. Much better to monetise the reserves at a higher poo. Good to see they mention the possibility of a second rig if the poo stays around current levels.
I remain positive that the developement of last years exploration in HY 2 will get the SP moving.
Long term CVN is looking cheap. We now have another 9mm barrels 2P for the same market cap.
Tempted to have a top up.
cvn sp, page-7
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