So what is all the excitement about? Well, for the uninitiated I have tried to break it all down.
Petchuban Basin – Thailand
1.Types 1 source rocks – very rare but known to be highly prolific in oil generation.
2.CVN have 8000 sq km of exploration leases – virtually the entire basin.
3.New oil producing structure (fractured volcanics) never tested in Thailand until now.
4.Approx only 2% of leases ever explored.
5.Production capacity over 10,000bopd with 90% from fractured volcanics in one field Na Sanun East.
6.4 Further fields to test fractured volcanics in next 6 months with the two largest Whichian Buri and Bo Rang within next two months. WB target zone over 200 meters of volcanics – currently drilling.
7.Fractured volcanics prolific in basin.
8.Carnarvon hold 40%.
What’s not to get excited about??? Huge upside potential!!!
excitement huge upside potential
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |