Not really correct... Apus would be fantastic and the SP would shoot well past 45 or 50c if a commercial success but regardless they have already proven billions of dollars worth of reserves in Dorado, Pavo and Roc. The current SP is well short of what is sitting in the ground.
My personal feel is that a big player will make a play soon. CVNs proven reserves are worth billions at today's oil price and would prove extremely lucrative to whoever takes it out. On top of that they would get a free hit at the rest of the basin... with a high strike rate of success so far there could be and most probably is billions more sitting in wait.
Sure Apus would be great but it all definitely doesn't hang on that result...it will just make us a bit more rich
CVN Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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