Looks to me like the production levels have bottomed out, and I can't see the SP dropping too far below these levels.
Despite only having one main rig, production is expected to rise again over the next couple of months. Really can't see increasing production and reserves co-exist with a falling SP.
News on the Pearl JV can't be too far away either, plus Some action with SUR. Happy days are coming IMO.
poe update, page-3
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| CVN (ASX) Chart |