CVN 0.00% 16.0¢ carnarvon energy limited

quarterly due wednesday , page-7

  1. 13,252 Posts.
    SCD you only have to look at nearby field 20 years of 20,000 bopd and still going the long term viability of all the thai fields has not really been taken into account. It is really a cash cow. 70 mil in the bank really gives cvn some stability that few other junior producers could dream about give them 4 to 5 five years and the few cent traders like me are happy with will be chump change. Am happy to bag myself as the long term viability of cvn can not be bought into Question when the market finally settles cvn will be in the box seat. Would not be suprised to see cvn come up with few new aquasitions or farm in on some very generous terms. Ted is very smart not going to quickly but building a solid platform the 70 mil (if it is that much) can not be underestimated, its just the market is not factoring in anything like this at the moment.
 
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