Finally read CVN's quarterly report and its prospects look exciting. They refer to oil but I am not sure if this includes gas equivalents. Potential oil identified is (mean recoverable, whatever that means):
Parvo 82m barrels
Apus 612m barrels
Labyrinth (Ivory) 420m barrels
Labyrinth (total) 1,500m barrels
Make's Dorado look like minor league. Realistically there is a lot of water (and a bucketload of cash) to go under the bridge but there's a lot of blue sky out there to keep us glued to our screens. If they stick to their recipe they'll do some farm ins to reduce cost and risk. If their theories are correct (and you have to start believing them more after the success at Phoenix) there's so much to look forward to. It may be a binary business but I'm in. Enjoy the ride.
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Mkt cap ! $177.1M | |||
| Open | High | Low | Value | Volume |
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