CVN 2.44% 20.0¢ carnarvon energy limited

State of Treading Water, page-3

  1. 1,221 Posts.
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    CVN is an O&G minnow with some near death experiences in the past. Without Dorado/Pavo plus blue sky I frankly doubt it would still be around today. There is no choice with development of Dorado/Pavo but I'm sure STO has a game plan. STO has a long development pipeline and Dorado/Pavo have a slot. It's just a long way out. Not much we can do but as the Juicy Lucy song - Just Lie Back and Enjoy it - went, there's not much we can do about it. Bleeting from the bleachers will not change anything. Unfortunately I'm emotionally invested so in for the long haul. For those requiring constant sugar hits sell down or get out altogether but who could sell out at these crappy levels. I'm looking forward to some more exploration wells to add to the pile. With plenty of cash in the bank and a great success rate there is so much potential. Pavo South should be drilled next year but may not move the SP needle unfortunately. Patience required. CVN is not for everyone.
 
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