CVN is a fantastic company now, has the exBRU CEO... apaches is...

CVN is a fantastic company now, has the exBRU CEO...
apaches is now drilling the last third of the well.
even tho they will seal and abandon the well after logging...if they find condensate or even oil
as well as .5km of gas...they will still plug and abandon this well.
later they will reenter it to reaccess whatever they find.
since apache is farming in,it needs the info as to whether anything is there and how much.
theres a second well to be drilled nov,if that proves up ALSO
cvn will go to 30c
because two wells with exploitable resources will be exactly what apache is hoping for
FOR DEVELOPEMENT and will commit to the other leases held by cvn.
CVN are drilling in thailand as well and by end of the month may have another oil strike.

the fall in the SP is simply to shake the tree and get as many selling as possible.
they are shorting it ...but the rebound will take cvn back into double figures pretty soon
(july?)