CVN 6.45% 16.5¢ carnarvon energy limited

Thai Divestment, page-29

  1. 13,293 Posts.
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    I think a few on here have not grasped the possibilities that "a new oil province" might just be what we have.

    If it is the case CVN will have many years of drilling wells in front of them and if it bares fruit the SP will appreciate with every success.

    Look how many leads they have in their tenements and quite a few on trend with Phoenix.

    I don't think Phoenix is a one trick pony and by the vibe of the partners they don't either.

    I guarantee majors will be running their eye over all this.

    Adrian does not want to CAP raise at this time when he has other options like Thailand.
    Look at FAR, over 3 billion shares on issue.
    CVN under 1 billion so better to keep it that way for the time being so if a CAP raise must happen in the future the SP will be up there.

    Remember CVN do things different.
 
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