hahaha, page-12

IF you guys looks at valuation it gives a price what cvn is worth not on all wells but with a successful drilling campaign eg 75% rate
50% rate
25% success rate
But with any exploration these valuation will probably be rerated if more wells like Ns_4 start producing
as When valuation was done POE 9 was the best well producing around the mid 300 bopd now ns-4 is producing 720 bopd so a few more strikes that and it would be interesting to see what the rerating says
Also the area which cvn has is 8000sq kilometres and
only 1% has been surveyed so l am sure when they do an additional 100sq km in second half of 2007 it will be interesting to see results. To go over the whole permit we will probably be talking about drill phase 75 in 15 years time lol.