CVN - Carnarvon Energy
- Thread starter yogi-in-oz
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Is CVN in a trading halt ?
My comsec shows shares are traded then stop 47c offer and purchase but nothing moving but no trading halt announcement ?
Can someone up to date on oil terminology explain if the announcement is postive or not really anything new ?"
My comsec shows shares are traded then stop 47c offer and purchase but nothing moving but no trading halt announcement ?
Can someone up to date on oil terminology explain if the announcement is postive or not really anything new ?"
QuotesMarket DepthCarnarvon Petroleum Limited (CVN)
(Trading Status: OPEN)
As at 31/10/2007 11:06:26 AM
Last 10 Trades
Time Price Quantity
11:06:28 AM 0.490 3,428
11:06:17 AM 0.490 151
11:06:09 AM 0.490 6,421
11:05:34 AM 0.490 8,340
11:05:33 AM 0.490 12,200
11:05:33 AM 0.490 13,039
11:05:32 AM 0.490 50,000
11:05:31 AM 0.490 50,000
11:05:25 AM 0.490 150,000
11:05:00 AM 0.490 15,000
Still trading
Me too - decided to cull some dead wood that has been in the red for weeks. Taken a small loss on it and put it into CVN instead - should see it back into profits in no time.
Out Too Soon
My real name is King Julian ;)
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I've put in a small order @ 39c thinking they might drop on friday before taking off next week. I'm sick of buying thru' the week only to find a better bargain could have been had friday morn. It doesn't always happen but I've noticed it often enough.
Good luck to all who hold, I know of gas being drilled in the Gulf of Siam for many years, good to see Thailand (my 2nd home) has oil. Chok Dee!
Good luck to all who hold, I know of gas being drilled in the Gulf of Siam for many years, good to see Thailand (my 2nd home) has oil.
Chok Dee!Great day for picking up the stock very cheap. Got a total of 150000 @ 0.47 which is money in the bank
CVN might be highlighted (reliant) on that JV at the moment, but as TJ has said we have so many other good prospects (both known and in the negotiation stage). Such development will be based on potential and as CVNs finances/time allows. With the money rolling in Ted is in a stage of building up CVN by employing the best guys in the biz, all so CVN can handle the mutiple opportunities they already have on the table. Thats the best thing for us shareholders because of TJ's many contacts and his high tech knowledge (in the oil world) he continually gets offered some very desirable joint ventures. Even the Thailand JV (as operator) south of the 20000bopd Shell field will be interesting to see how TJ attacks its exploration. I honestly believe it will not take too long to get CVN over the $1 share mark in 2008.
Im glad i topped up on Tuesday at .48 cents.
Fortune favors the brave.
Lets hope there is some good news next week Should keep CVN over .50 in the medium term imo.
Oil stocks are going to be in the headlines a lot next year as oil prices push up to and above $100 US.
Good Luck Guys
DYOR
Fortune favors the brave.
Lets hope there is some good news next week
Should keep CVN over .50 in the medium term imo.Oil stocks are going to be in the headlines a lot next year as oil prices push up to and above $100 US.
Good Luck Guys
DYOR
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hi all
Did someone mention that we are expecting a stabilised production report for NS2D1? If we get a report before the flow results of NS5-D1 and NS6-D1 i am hoping if they report on any lost drilling fluids they may have encountered...also NS6-D1 is in the southern compartment where they have had all their success so if it is reported as having lost plenty of drilling fluids theres a good chance that the results MAY be similar to NS2-D1 and NS8-D1... damn should have got more sub 50c.
Did someone mention that we are expecting a stabilised production report for NS2D1? If we get a report before the flow results of NS5-D1 and NS6-D1 i am hoping if they report on any lost drilling fluids they may have encountered...also NS6-D1 is in the southern compartment where they have had all their success so if it is reported as having lost plenty of drilling fluids theres a good chance that the results MAY be similar to NS2-D1 and NS8-D1... damn should have got more sub 50c.
Hi INORE, from memory I thought that both wells are north of POE-9. This is still in the southern compartment but quite some distance north from the money makers. Note that they are not producing at full capacity yet due to limitations on production facilities, however are looking into resolving this issue. I do hope the northern part of the southern block flows black gold!!!
Looking at the psi pressure there seems little doubt once NS2D1 cleans up and develops, its stabilized flow rate will improve over the tested 1920 bopd. This happened on a previous well when they encounted big fluid losses into the fractured zone.
As the daily flow rates are higher than current storage capacity it will be excellent news that their storage has been increased. This is especially pertinent with their next two wells about to come on stream, the likely result being even more bopd. I was waiting on drill results for my AGO stock so I can sell a few to get into a few more CVN (while CVN are still cheap).
I'm hoping a little bit of selling takes place with the events of the DOW overngt.
CVN has held up well previously in these situations, rising when the market went red but none-the-less I doubt it will be spared.
Timing couldn't be better!!
As much as you never want to see a stock fall its great when that happens and gives you a chance to get in when you know the fall has nothing to do with CVN fundamentals.
Complete agreement..
Didn't drop enough for me to buy in.. ( And I was too slow! )
Thought it would drop some more, but it rallied too quickly. Saw 1 350k sell order for .47 at open... Why would you do that to yourself? They could have picked up an extra $10k if they waited 50 mins..
We're back to yesterdays close already, waiting for her to go green now.....
I too was hoping the stock would dip on a day like today because you know sellers are selling to cover other positions they hold.
The next week or so should be exciting times for shareholders. Hope we have some good news, than a re rating should be on the cards. (my opinion only)
Carnarvon Petroleum is reaching a similar market cap to Tap Oil.
It would be nice to see Carnarvon have some index participation.
Maybe S&P/ASX SMALL RESOURCES or S&P/ASX 300 RESOURCES (nothing wrong with dreaming )
Do Your Own Research
Fingers Crossed
The next week or so should be exciting times for shareholders. Hope we have some good news, than a re rating should be on the cards. (my opinion only)
Carnarvon Petroleum is reaching a similar market cap to Tap Oil.
It would be nice to see Carnarvon have some index participation.
Maybe S&P/ASX SMALL RESOURCES or S&P/ASX 300 RESOURCES (nothing wrong with dreaming )
Do Your Own Research
Fingers Crossed
A re-rating is 100% due now.
Hartley's took out there options today, that only happens when payment is due for something they have done. ( as per last time )
Getting rather excited now. Re-rating coming, announcement due, AGM next 2 weeks.
All smiles... In my opinion, Hartley's value will be placed at 50c-$1.20 based on past valuation, present production, future value combined with present success rates....
Hartley's took out there options today, that only happens when payment is due for something they have done. ( as per last time )
Getting rather excited now. Re-rating coming, announcement due, AGM next 2 weeks.
All smiles... In my opinion, Hartley's value will be placed at 50c-$1.20 based on past valuation, present production, future value combined with present success rates....
I too was hoping the stock would dip on a day like today because you know sellers are selling to cover other positions they hold.
The next week or so should be exciting times for shareholders. Hope we have some good news, than a re rating should be on the cards. (my opinion only)
Carnarvon Petroleum is reaching a similar market cap to Tap Oil.
It would be nice to see Carnarvon have some index participation.
Maybe S&P/ASX SMALL RESOURCES or S&P/ASX 300 RESOURCES (nothing wrong with dreaming )
Do Your Own Research
Fingers Crossed
As Ted started TAP his statement that he was more excited by CVNs potential and opportunities says a lot for CVN. Not to mention the fact he has millions in personal wealth that he has invested in CVN (he was after all retired) but he couldn't resist getting involved with CVN because of its massive potential. The whole board is made up of a first class team of very smart operators and that will lead CVN into index participation given time. I have over a dozen different small to mid sized stock and my honest opinion is that this is the one I see the most potential to develop into a real medium sized powerhouse. Ive already made a mint out CVN since my original investments in 2002 but with CVN I can see far more yet to come and not just in Thailand.
http://www.bnn.ca/shows/past_archive.tv?day=fri
Commodities report @ 11.30am. Interview with Jeff Chisolm.
CEO of POE on BNN.
Mentions current production of 3600bopd nett to POE.
2008 estimates based on recent discoveries are an additional 7500bopd nett to POE
Takes estimated total production in Thailand Q4 '08 - In the current location to 19,000bopd (CVN 40% ). Double the expected potential and will more drilling to continue in '09 with more blocks to be tested covering another 2000km² ( that CVN is involved in ) further to this.
He believes the Block in which they are testing now is the second largest discovery in Thailand behind Shells' 25mmbl discovery @ Sirikit, not including new blocks to be tested.
POE finished last night at $10.90 - Up $1.13 - 11.57%
CVN has 50% operating interest ( With SUN ) in a block to the East, and directly below Shells Sirikit field.
Commodities report @ 11.30am. Interview with Jeff Chisolm.
CEO of POE on BNN.
Mentions current production of 3600bopd nett to POE.
2008 estimates based on recent discoveries are an additional 7500bopd nett to POE
Takes estimated total production in Thailand Q4 '08 - In the current location to 19,000bopd (CVN 40% ). Double the expected potential and will more drilling to continue in '09 with more blocks to be tested covering another 2000km² ( that CVN is involved in ) further to this.
He believes the Block in which they are testing now is the second largest discovery in Thailand behind Shells' 25mmbl discovery @ Sirikit, not including new blocks to be tested.
POE finished last night at $10.90 - Up $1.13 - 11.57%
CVN has 50% operating interest ( With SUN ) in a block to the East, and directly below Shells Sirikit field.
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thats quite a report...and what a surge in POE prices on friday...thanks for all the info guys/gals....there also seems to be POE surges the day or so before market announcement on drill results...not sure if this is spec or a leak...if i get a chance i will retrace POE announcements v POE volume and see if there is a strong correllation on any positive results...
Just a point of correction 1234 - Sirikit is 250 mmbl not 25. Na Sunan East could be anything if the other 3-4 zones start to flow!
Regards
Scaph
Cheers m8. starting to get too many 0's these days!!
'big' anyway. lol.
Can't wait to what the Hartleys' report mentions............
