CVN - Carnarvon Energy

[cgf]

CGF,
A boat is more economical than a wife, or upgrades there of (you can trade a boat ). If the market is good and as you have been sailing well for quite a few quality years then you need a luxury cruiser, and internet satellite connection! !

Cheers

If I lived in QLD with the Witsundays I would have had a nice 70ft launch, but in Perth you only really have Rotto which gets a little monotonous. In May/June 2008 I will do another 20+ day first class cruise through the Mediterranean which is very relaxing (along with my laptop to keep track on the market)

Truth is anything is cheaper than a wife, both money wise and on your sanity. Being a male with years of experience I long gave up on trying to work out women, its better I stick to the stock market which makes more sense and is far easier to understand.

I have a great laptop with 3G wireless broadband so I can get the market almost anywhere now.

 

[shaunm]

Nice to see CVN picking up some ground again. Up 4.5c at the mo which put a smile on my dial. I hope all the positive predictions for these guys come to fruition.

 

[cgf]

Yes it is. Market is down, CVN SP up 8.7% along with the vol picking up. Good to see a few decent parcels going through rather than the dribs.

 

[imaginator]

Yes it is. Market is down, CVN SP up 8.7% along with the vol picking up. Good to see a few decent parcels going through rather than the dribs.

Oh yeah! I always think this one should go above 70c. It was good news yesterday with the evaluation at 89c.

Really this one has great potential.
Everynight I will imagine it already at 85c before I sleep, to apply Napoleon Hill's subconscious imprint method. heheh

 

[MS+Tradesim]

Oh yeah! I always think this one should go above 70c. It was good news yesterday with the evaluation at 89c.

Really this one has great potential.
Everynight I will imagine it already at 85c before I sleep, to apply Napoleon Hill's subconscious imprint method. heheh

Or you could apply the David "The Secret" Schirmer method and add 000's to the end of your CHESS statement! :

http://www.youtube.com/watch?v=usbNJMUZSwo

 

[imaginator]

Or you could apply the David "The Secret" Schirmer method and add 000's to the end of your CHESS statement! :

http://www.youtube.com/watch?v=usbNJMUZSwo

I m a believer in the power of our subconscious mind etc, but its a shame what Schirmer did to his investors. Did he add '000 to his statements too?

Hey no joking, last year my friend wanted to buy NRT, it was zig zagging sideways for a long time around the $4.5 mark, and he kept imagining it down so he could buy it. After a while it went to like $2, really really down. I didn't dare touch NRT after that.

 

[chewy]

Don't forget CVN almost always has a runup in SP just prior to Announcement (which is probably due tonight via POE) - lets hope its a good one!

 

[Miner]

Surely it will not be related to Thailand or SUR.
There was no movement in SUR with upwards movement in CVN.

Regards

 

[wipz]

I think the movement is due to 2 things:
a) we're approaching drilling results; and
b) hartleys re-rating.

 

[austek]

Well it's moving up now heading for top of wave 1 and with you guys making me drool I'll take some on the next dip.

I let PDN, FMG, RIV, MCC slip thru my fingers after getting in around the dollar mark and will see if I can do a better job with CVN

 

[Rob 17]

I keep buying when the SP dips especially when its falls for no particular reason. It would be nice for fund managers to pick this one up so there’s not so much stock floating around.

I will also feel a lot more comfortable when POE and CVN have the facilities to have production at peak performance.

Do your own research DYOR

 

[1234]

Monday will be very interesting if there's no ann pre market..


Wondering whether it will test rising higher into the 60's or nervous Nelly will halt it so we don't have a mass bail out if results aren't favorable. A couple of cents on no news isn't out of the question, 5-7% seems average per day on lead up to ann without being oversold ( like when she went to 66c! )

Will be keeping a very keen eye on it none the less.

Hartleys' quote 89c value. My interpretation of the charts say 70c by the end of nxt week if we get some oil by Tuesday.

?????

DYOR
www.carnarvon.com.au

 

[grace]

Yes it is. Market is down, CVN SP up 8.7% along with the vol picking up. Good to see a few decent parcels going through rather than the dribs.

cgf....I note from your posts that you first bought into CVN at 2c. When you get that "2c CVN" feel about a stock, can you let us know. That's a fantastic effort! Well done! I found CVN by searching EVERY company listed on the ASX, and checking for major upward movement %'s over a few years. Then I put several on my watchlist and this is the first one I have bought. Think I would like to pick up a bit earlier though.......

 

[kerosam]

a buy signal after than 63cts line i reckon.

MACD cross & volume increasing.



ps:i don;t hold CVN.

 

[INORE]

well alls quiet on the cvn front...everyone on HC hoping for an announce tonite....some people thinking that a late announce is a chance of low flow rates as per the last announce BUT other people are confident that the area they are doing flow testing in and the fact that the roof of the structure is at the high end of town will see a great announce...personally i'm after any flow rates that help prove up the reserves as i'm holding long term.

 

[chewy]

ann just out - Merry Xmas to all CVN holders L44H-D1 on Production at 3,940 bopd :bier: happy happy days


Pan Orient Energy Corp.: Thailand: L44H-D1 on Production at 3,940 bopd

CALGARY, ALBERTA--(Marketwire - Dec. 12, 2007) - Pan Orient Energy Corp. (TSX VENTUREOE) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

L44H-D1 (60% WI & Operator)

Deviated well L44H-D1 is flowing at a sustained, stabilized rate of approximately 3,940 barrels per day of 35.5 degree API oil with a water cut of 0.05%. The well is free flowing through casing and tubing with restricted choke setting of 38/64" and 26/64" respectively. Flowing wellhead pressures on casing and tubing remain high at 280-285 psi. Load out of oil tankers from the well location is the determining factor in not taking production higher at this stage.

Pan Orient has been informed by the Thailand Department of Mineral Fuels that this is the highest flow rate ever achieved by any oil well drilled onshore Thailand.

L44H-D1 reached a total measured depth ("MD") of 1,217 meters, 866 meters true vertical depth ("TVD"), at a subsurface location approximately 700 meters north of the oil producing L44-H well location within the central fault compartment of the NSE field. The top of the main volcanic was penetrated at a depth of approximately 1,016 meters MD (755 meters TVD) with over 200 meters measured thickness (111 meters true thickness) of the target volcanic reservoir penetrated. The drill bit was still within the main target volcanic reservoir when the decision was made to call total depth on the well. L44H-D1 is the structurally highest volcanic reservoir penetration within the NSE field encountered to date. Total drilling fluid losses of 9,385 bbls at rates of 100 to 260 bbls/hr were observed while drilling through the main target. Wiper trips at 1,155 meters MD and 1,217 meters MD had resulted in oil to surface. This was the third well drilled into NSE's central fault compartment.

These test results at L44H-D1 confirm an oil column at Na Sanun East ("NSE") of a minimum of 150 meters.

Looking forward, the implications of this well on NSE field development are significant. L44H-D1 was a highly deviated well (approximately 51 degrees) at the time it intersected the top of the main volcanic objective. Based on these results, consideration is being given to full NSE field development utilizing up to 12 horizontal wells, the potential advantages being: 1) maximum reservoir thickness penetration 2) improved access to the extensive fracture network 3) less drawdown at higher rates, and 4) greater distance between the well bore and the oil/water contact, likely reducing the time to water breakthrough.

NS6-D1A Sidetrack (60% WI & Operator)

Sidetracked well, NS6-D1A is free flowing 35.5 API oil at a stabilized pre-cleanup rate of 615 bopd with choke setting of 18/64" on both casing and tubing. Flowing wellhead pressures are between 150 and 120 psi and water cut is approximately 0.05%.

NS6-D1A is located within the south fault compartment of the NSE structural closure approximately 400 meters north of the original POE-9 discovery well. The well penetrated approximately 23 meters of the main volcanic target with mud losses at rates of 20 bbl/hr. This was the fifth well drilled into NSE's southern fault compartment.

WICHIAN BURI-1 "DEEP" (60% WI & Operator)

The Aztec #14 rig is drilling ahead at a depth of 900 meters after setting 9 5/8" casing at 362 meters. Drilling is anticipated to take approximately 8 days to reach total depth.

WB-1 (Deep) is targeting an approximately 220 meter thick volcanic at a depth of 1,503 meters. This interval was penetrated by the original WB-1 well in 1988, resulting in severe lost circulation with approximately 20,000 bbls of drilling fluid losses that were associated with very high mud gas readings while drilling through the potential volcanic reservoir. Subsequent sidewall cores taken over this interval indicated oil staining. This deeper volcanic zone was never properly evaluated by the earlier operator as the shallower, conventional F sandstone reservoir tested oil at 500 bopd.

Outlook

Current field production capacity is now greater than 10,000 bopd gross (6,000 bopd net to Pan Orient) with average deliveries to the refinery of between 5,500-6,000 bopd gross (3,300-3,600 bopd net), limited by the capacity of the tanker fleet. Delivery is anticipated to increase to 7,000 bopd gross (4,200 bopd net) in late December 2007. The use of a new loading bay at the existing refinery has been negotiated, bringing the refinery capacity up to approximately 10,000 bopd gross. Upon approval of the NSE production license by the Thailand Department of Mineral Fuels, a second refinery contract is anticipated to be signed, bringing the total refinery unloading capacity to over 20,000 bopd gross.

Pan Orient Thailand management continue working on a number of options to reduce the trucking capacity choke point as quickly as possible. This is a short term issue caused by well deliverabilities far in excess of initial expectations.

 

[1234]

Well done Chewy.

MASSIVE result. Absolutely MASSIVE

4600 bopb taking total to 10,000bopd

Merry Christmas!!!!!!!!!!

 

[grace]

Hi I'm Grace and I've just bought CVN a week or so ago, and I've been recommending to all my friends....I know some have bought....they will be happy too. So many thanks to all who contribute here, my Christmas should be very merry!

 

[Rob 17]

This is a victory for the true believers: the people who, in difficult times, have kept the faith.

Well done guys!

 

[doogie_goes_off]

I would now like to urge all fellow holders to sit tight because this is going to be a good ride, with success like this and production still to be ramped up I see nothing but growth in the new year, may yours be a prosperous one.