good news week, page-8

imo talk of $1 is premature, it would give CVN a larger market cap than POE. Maybe a big result for L44H-D2 will get us closer.

Even at 71c I make the ratio 46% CVN to 54% POE so feels like CVN is a little ahead of itself.

They don't have to sit at 40/60 but it does give a rough indication of how the 2 sets of investors are valuing the same asset.

The thing I'm most interested in is if they can complete the 200m horizontal in NS3-D1 ST and how the flow rate will compare to NS3-D1 (initially 434 bopd). This should give us an indication of what to expect from the upcoming horizontal wells.