Can some one tell me where the comsec research gets the figure of 6.6 cents expected EPS for 2012? If this is based on an assumption oil will be found somewhere and is not than CVN will be another Petsec. Is CVN bringing wells into production that will definately bring an EPS of 6.6 cents regardless of furthur discoveries? I use the current EPS x 10 for valuation which values CVN at 32 cents. 66 cents next year is for LT investors.
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