next news release

On the 6th January POE said...and on the 7th January CVN...

NSE-E2 appraisal well - the well encountered a deeper, oil stained volcanic reservoir approximately 25
metres thick. Testing of this deeper zone is anticipated to commence shortly.

NSE-D2ST1 appraisal well - A second sidetrack, NSE-D2ST2, is now about to commence drilling in the next few days... targeting a deeper oil leg in the reservoir below the gas/oil contact.

L44-V appraisal well - Testing of the lower and possibly the upper volcanic targets is anticipated to commence shortly. Upon completion, results will be announced.

L44-CD1 appraisal well - Drilling is anticipated to commence shortly, once the drilling rig has completed moving from the L44-V location.

In my experience of trading CVN, the 10 cycle for testing and reporting indicates that we are due a news release this week

PS: It is my understanding that the Quarterly, expected on 30th January, will contain a statement on Reserve Additions ! Happy trading :)