CVN 1.28% 19.8¢ carnarvon energy limited

CVN the Big Picture, page-37

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    Cosmo,
    I also expect us to get above 40 again as we approach spud.

    However beyond that I reckon it’s pretty unpredictable. Depends on the roll of the geological dice, market mood, rumour etc etc. Likely a bit of a roller coaster from spud and/or Buffalo progress through 3, 4 or 5 drills. Bound to be a nasty dip or two along the way too (but doubt we’d dip below 30), and a CR more likely with more wells, almost certain if Buffalo doesn’t get a free carry deal.

    EL


 
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