CVN 3.23% 16.0¢ carnarvon energy limited

operations update: disappoint ?, page-3

  1. 606 Posts.
    lightbulb Created with Sketch. 26
    On the second read it seems ok to me.
    The average production for POE in the fourth quarter was 3,369 bopd, yet the exit production (excluding their 100% L53 concession, which is of no benefit to CVN) is 5,200 bopd. This indicates that production is up for now, compared to earlier in the quarter which can only be a good thing. Sustaining and / or increasing this is always the challenge.
    We have often seen production in prior quarters decline, so this is clearly a positive imo, - though i am unsure as to what, if any, expectations were as far as production goes.
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.