The announcement says they have three more pads prepared to further drill the NSE central zone before the end of 2007. Assuming they all have flow rates of about 1,200 bpd we could then have about 5,000bpd from 4 wells in the central zone plus the 1,400 already in production and whatever flows from L44G-D in the northern zone. CVN is due for a major re-rating by my accounting. Further more we are now dealing with 35 API light crude and not the heavier oil in Witchian Buri.
Hang on for more good news, I am.
The announcement says they have three more pads prepared to...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $268.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $226.3K | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 396878 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2549808 | 11 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |