CVN 3.13% 15.5¢ carnarvon energy limited

news on the way ...

  1. 349 Posts.
    This is my take on the timeline currently on play.

    With my estimate of current PE at ~7, IMO sp will gap up to 70's, if not higher on good news.

    Announced recently:
    21-Feb – Production Update – Gross production of 8,800 bopd
    21-Feb – Production Update – Tanker capacity currently ~9,500 bopd
    04-Mar - Drilling utilizing two rigs recommences (noticed this was only announced in asx?)

    Forecast to be Announced:
    18-Mar - L44-R Exploration Well test results
    18-Mar - Production Update – Gross production > 10,000 bopd
    18-Mar - Production Update – Tanker capacity > 10,000 bopd
    25-Mar - NS1-D1 Appraisal Well drilling results
    25-Mar - POE-9A Appraisal Well drilling results
    7-Apr - Environmental approval for ~27 development drilling locations at Wichian Buri and Na Sanun East oil fields
    15-Apr – Testing several deeper zones wells below the currently producing main zone at NSE
    Apr - inclusion in asx300/500
    May - Reserves update

    On the down side, it's coming up to the anniversary of Hartleys 160 millon share placement last year, so could see some profits locked in reduced CGT.


    cheers and luck to all
    neo
    PS Of I have missed anything, please add.
 
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