CVN 0.00% 16.0¢ carnarvon energy limited

Q report comments

  1. 602 Posts.
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    One of the most frustrating things about the oil industry is that nothing runs to schedule, those involved at the "coal face" have to move at a moments notice and board planes, whilst investors like us want action and that's where delays occur.

    ROC1 will be drilled, and that's what we are waiting for, but until the Rig is discharged by Vermillion we just have to remain patient. Information on the state of play at Wandoo seems hard to come by, the problem being IMO that Vermillion is a Canadian based company and as such reports (presumably) to it's home exchange and not to the ASX

    We should be grateful for a weaker AUD since it is basically covering our admin costs, meanwhile stay calm and watch events---- frustrating it may be but a fact of life it certainly is.

    The December Q period is only very young!
 
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