I would have thought that oil flows in the north fault compartment extends the structure some 7km northwards of POE 9. Regardless of flow rates this would be a fantastic result and add considerable reserves and therefore easily justify the current share price. In addition, flows from the lower zones would extend the reserves even more significantly.
Time will tell.
i think she is flowing, page-23
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $90.30K | 546.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 303067 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 620669 | 10 |
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| CVN (ASX) Chart |