I'm with you wishlist. CVN's success rate in the Bedout is very high and there's a lot of identified prospects. The oil quality is excellent, easy to extract, in shallow waters, and close to markets. Why wouldn't they get Dorado/Pavo up and running and dig more holes now and over then next few years? Then they develop over time.They have the cash and lenders lined up and pay back period by my calculations was less than 2 years and that was based on POO of USD60 pb and excluding Pavo. Although there will be extra CAPEX for Pavo it's not on the scale of Dorado ie same FPSO would be used.
Just need to get STO motivated.....
Why we shouldn't sell, page-3
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20.0¢ |
Change
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Mkt cap ! $357.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $38.70K | 195.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1889912 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 558551 | 16 |
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