CVN 3.13% 15.5¢ carnarvon energy limited

Allan - did you read what I posted, you actually re-iterate what...

  1. 354 Posts.
    Allan - did you read what I posted, you actually re-iterate what I said.

    Here is the quote from Ted

    "The development plan is designed for a plateau production of 15,000 bopd."

    Key word plateau ..

    They'll cut back well production to maintain that figure, which will fix income for a long period.. Great idea.. No issues with transport then either..

    But that only applies to that one basin (read tax effected production) Once they find reserves elsewhere, they will ramp that aswell - and then you'll see some real sp action.

    I do intend to re-enter for the NSE-A4 results imo they'll be substancial, but I won't hold long term for a while yet. I'm more comfortable with getting in and out as it suits..

    Drill results are better than 70% - You can't lose in this stock..

    For now (immediate future) - I think the best place for me is on the sidelines because no-one can predict how the market will react to the greater issues at hand..

 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.