CVN 2.50% 19.5¢ carnarvon energy limited

reminds me of inp with one difference

  1. 238 Posts.
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    remembering how INP stated for months (or maybe years) how if the Flax/Juniper saddle well came in, it would incrementally increase oil-in-place - it came in , the market didn't really react for a couple of days until INP put out the 'biggest Oz oilfield' announcement and bang 40c to 1.50 in one day topping at about 1.90 - not expecting such an announcement for our credible management (who don't need to raise capital ala INP) and the SP wont be 4 or 5 times but expecting more than the current <10%

    CVN have gone out of their way (once again for months or maybe years) to tell us that reserves were based on only the main volcanic - we now have average 50mtrs depth over an aerial extent of 8 wells in another zone

    difference is INP's oil remains 'in-place' (a cheerio to bello) - Thailand flows
 
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