CVN 0.00% 16.0¢ carnarvon energy limited

ns4 stabilised rate at 686 bbld., page-14

  1. 13,963 Posts.
    lightbulb Created with Sketch. 1047
    Hi Folks,

    I am no geologist, but I thought todays announcement hugely reduced the risk on this investment. Therefore a little suprised to see the retreat to 16 cents.

    With just about all the other good stories I had been watching running away in front of me, and sitting on a heap of nickel proceeds, what was I to do? I topped up CVN again, by 25% at 16 cents. I won't buy more, this will either be a poor/mediocre investment, or it will jump to the front of my portfolio this year.

    I"d like to believe ARQ will discover oil in the Canning - but I am not sure, I'd also like to believe many of the other good stories, but where are the odds as good as on CVN having a lot of oil AND being cashflow positive very soon.

    When you start a program happy with 100 bopd wells, and get 700 bopd from these same cheap wells, that is absolutely great. I hope they can get enough road tankers!

    Goodluck to all the patient.

    EL
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
0.000(0.00%)
Mkt cap ! $286.2M
Open High Low Value Volume
15.5¢ 16.0¢ 15.5¢ $326.4K 2.069M

Buyers (Bids)

No. Vol. Price($)
15 1324611 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 906839 4
View Market Depth
Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.