CVN - Carnarvon Energy

[hangseng]

Pan Orient Energy which is Carnarvon's joint venture partner 60/40 keeps powering on hitting new highs while Carnarvon stands still

Will be interesting to see how the market react to the WICHIAN BURI-1 (DEEP) results.

Would be nice to see some funds snap up some stock for the long term.

The existing well structure is shallow sandstone reservoir and 500BOPD flow good. However you are on the money as WB-1 target is a deep volcanic structure and the flow from here I would expect to be much higher. That will make CVN holders very pleased indeed I am sure when the results come out and I also expect the market to react extremely positively.

I also expect someone knows this already and is loading up their Xmas stocking accordingly. I don't yet hold CVN but my entry time has come now. CVN is now in my "No Brainer" category of a must have stock. 63cents is cheap for such a great producing stock.

 

[JTLP]

From what i've read about POE (which is very little) i think they have other ventures which also contribute to their SP. I hold CVN as well and am a little ticked off with the way it is played, but I think comparing it to POE is not entirely feasible due to their other assets/projects.

 

[imaginator]

Hi guys

When is the next announcement from CVN?
I believe there is a drilling report coming out soon?


How many of your are topping more CVNs now in your portfolio?

 

[AMR]

I've been sifting through the Hartleys broker report which shows the FY2009 profit as $AU79.8M. Probably an extremely dumb question, but this figure is based only on confirmed production and doesn't include any upside from undiscovered wells right?

[Yes, I am a technicals only trader, hence my total lack of understanding of fundamentals ]

 

[Rob_ee]

Hi guys

When is the next announcement from CVN?
I believe there is a drilling report coming out soon?


How many of your are topping more CVNs now in your portfolio?

There is something expected tomorrow and based on the 501k buy order that came in late in the day which forced the price to close on the days high ... perhaps someone already knows ???

Looking forward to tomorrow and confidently holding.
At 66 c this appears extremely cheap based on 10000 bpd and future promising exploration areas.

Hartleys have a target of well over $1 short term and Fat prophets are very enthusiastic.

Happy new year ... I know it will be

 

[Rob 17]

WICHIAN BURI-1 (DEEP) should be almost drilled. We can expect an update very soon.

WB-1 (Deep) is targeting an approximately 220 metre thick volcanic section. 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 associated with very high mud gas readings.

A postive result should see Carnarvon (CVN) add to its production levels and power on towards the .70s

DYOR

 

[Nasdaq]

Has anyone got a copy of Hartleys recent valuation?

Has anyone heard anymore about the recent Thailand tenements?

 

[Trader Paul]

Hi folks,

CVN ..... chart in a strong uptrend and with 2 favourable aspects
in play, early this week ... so, it may just "pop-out-the-top" for us .....

..... it has come a very long way, since we were trading it
around 2 cents ... lol.

have a great weekend

paul



=====

 

[johnnyg]

Has anyone got a copy of Hartleys recent valuation?

Has anyone heard anymore about the recent Thailand tenements?

http://www.carnarvonpetroleum.com/investor_centre/?pg=4

Note that the last report was before the release about the record production released on 13/12/07 and they still value CVN @ .89cents. From memory I remember reading they upgraded their report after that info and revised their valuation to $1.03 a share??? Someone correct me if im mistaken.

 

[JTLP]

CVN sure are taking their sweet time releasing the drill results. Last time this happened they came out fantastically. Come on CVN, don't let me down with delays in results!

 

[Rob 17]

Carnarvon's joint venture partner Pan Orient Energy Corp. (POE) has finished the year reaching a new all time high.


Up 9%.

Good times ahead.........

DYOR

 

[simo]

In todays West Australian newspaper on page 32 as one of Hartley's picks for 2008......

The order is
1. Atlas Iron
2. Avoca Resources
3. Apex Minerals
4. Carnarvon Petroleum
5. RCR Tomlinson.

Hopefully a very good sign.

 

[JTLP]

Intra-day high of .680 (and the day isn't even over yet).
Hopefully some news out tonite from POE.

Any thoughts as to what it could be?
Im guessing a double announcement on the granting of the concession of L/20/50 and flow rates from WB-1 Deep.

Would also be fantastic to see bottleneck issue resolved but hey, when has too much oil been a bad thing!

 

[chewy]

Yeah i agree - WB1 deep and the concession (and transport expansion should at least get a mention). Ann this week imo.

 

[Rob 17]

Jan 02, 2008 06:00 ET
Pan Orient Energy Corp.: Thailand: Drilling Update
CALGARY, ALBERTA--(Marketwire - Jan. 2, 2008) -

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

Pan Orient Energy Corp. (TSX VENTUREOE):

Wichian Buri-1 "Deep" (60% WI & Operator)

WB-1(Deep) has been drilled to a total vertical depth of 1,598 meters, penetrating the top of the target volcanic at 1,501 meters and drilling through the top 97 meters of the approximately 220 meter thick zone. Lost circulation was encountered at 1,552 and 1,585 meters at rates of 20 and 227 bbls/hr, respectively, with approximately 4,900 bbls of drilling fluid lost into the target formation while drilling and logging. Live oil was observed at the surface while drilling at 1,503, 1,556, 1,565 and 1,585 meters. Testing is anticipated to be completed within the next 12 days, initiating in 5 days after the Aztec 14 rig has been moved off location.

Interesting times ahead

DYOR

 

[Riles]

Sounds very promising.
Seems to me like they got about half way through the 220 metre target and decided they'd lost enough drilling fluid and seen enough oil to be able to abandon drilling and start testing.

I could be wrong and I hope I'm not, but it does sound similar to what they did with L44H-D1 when they abandoned drilling before they'd found the bottom.
L44H-D1 is producing 4000 bopd.

If this Wichian Buri well is anything like that it would have another big impact on their reserves, not to mention the prospects of more successes at this new field.

Ya wouldn't be dead for quids. hehe.

 

[Dukey]

Jan 02, 2008 06:00 ET
Pan Orient Energy Corp.: Thailand: Drilling Update
CALGARY, ALBERTA--(Marketwire - Jan. 2, 2008) -

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

Pan Orient Energy Corp. (TSX VENTUREOE):

Wichian Buri-1 "Deep" (60% WI & Operator)

WB-1(Deep) has been drilled to a total vertical depth of 1,598 meters, penetrating the top of the target volcanic at 1,501 meters and drilling through the top 97 meters of the approximately 220 meter thick zone. Lost circulation was encountered at 1,552 and 1,585 meters at rates of 20 and 227 bbls/hr, respectively, with approximately 4,900 bbls of drilling fluid lost into the target formation while drilling and logging. Live oil was observed at the surface while drilling at 1,503, 1,556, 1,565 and 1,585 meters. Testing is anticipated to be completed within the next 12 days, initiating in 5 days after the Aztec 14 rig has been moved off location.

Interesting times ahead

DYOR

As expected... Same info now released by CVN to ASX.
Could be an interesting day!!!!!!!!

No news about transportation issues etc - I like that actually - maybe we'll get more out of splitting the news up into regular announcements than getting it all at once.
here's cheers....

 

[Miner]

Jan 02, 2008 06:00 ET
Pan Orient Energy Corp.: Thailand: Drilling Update
CALGARY, ALBERTA--(Marketwire - Jan. 2, 2008) -

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

Pan Orient Energy Corp. (TSX VENTUREOE):

Wichian Buri-1 "Deep" (60% WI & Operator)

WB-1(Deep) has been drilled to a total vertical depth of 1,598 meters, penetrating the top of the target volcanic at 1,501 meters and drilling through the top 97 meters of the approximately 220 meter thick zone. Lost circulation was encountered at 1,552 and 1,585 meters at rates of 20 and 227 bbls/hr, respectively, with approximately 4,900 bbls of drilling fluid lost into the target formation while drilling and logging. Live oil was observed at the surface while drilling at 1,503, 1,556, 1,565 and 1,585 meters. Testing is anticipated to be completed within the next 12 days, initiating in 5 days after the Aztec 14 rig has been moved off location.

Interesting times ahead

DYOR

Rob 17
You have an uncanny set of eyes and ears alongwith sixth sense for Interesting observation and speed of information on CVN.
Wondering what is your secret for being so accurate - Just Reuter report ?
Nonetheless thanks and I will focus more on what you say as well along with few other whiz kids in this forum.

Regards

 

[chewy]

Nearly all CVN ann's come out the night before in Toronto via they're JV partner POE - if you go to "marketwire" and type a search for "POE" you will get there latest ann. I think they are posted around 6am their time, which is about 10 -10.30 pm here.

 

[Go Nuke]

Could be a good day for CVN though not as good so far as I might have thought despite the DOW having a tumble.

I'd like to see it get through that resistance of 70c though!:>