CVN 3.33% 15.5¢ carnarvon energy limited

Allanh,The reserves story is good, but as Onceover and others...

  1. 13,971 Posts.
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    Allanh,

    The reserves story is good, but as Onceover and others have cautioned, not so good. The recent information on oil/water contacts does inevitably mean quite a lot of the recent 2P additions will be lost to revision down.

    Still fully holding, but certainly regret that half were bought above 50 last year.

    We clearly have a struggle sp wise, shared by a lot of small oil producers atm. The true cost of replacing reserves and production is high. Not many doing better than standing still.

    EL
 
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