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CVN - Carnarvon Energy

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Cheers JTLP.

I think the biggest prob (If it is one) with CVN is that alot of holders have bottom drawer'ed it.

We (holders) acknowledge the potential and are not fussed with this fluctuation or quiet time.

Ann's will resume soon enough and results will be frequent once again, sparking her into 'life' as per usual..

For now, quietly accumulate like the rest of us
 
yeh thanks JTLP...i really appreciate the overview and research that u have given...I knew it would be a quiet month(but didnt expect it to be low 40's quiet) with cvn ... just a liiiiitle bit longer and i'll be back on board.
 
Wasn't the L44R drill results due about now? They said it would take about 3 weeks to test and I thought that was about 3 weeks ago. Anyone know?
 
Grace,

Unfortunately in this instance (I wouldn't say all the time because I love how POE & CVN work together), we won't see results until POE do first. It is due to the nature of the JV (as well as AUS trading before Canada), so possiblt tonight, if not, check monday night (ann on tues for us then!).

A good site to take a look at is:

www.marketwire.com

and search for POE

(ann's usually come out between 10 and 11:30pm AEST)

JTLP
 
Wasn't the L44R drill results due about now? They said it would take about 3 weeks to test and I thought that was about 3 weeks ago. Anyone know?
Click to expand...

Yep 3 weeks was on Wednesday.

From Pan Orient on the 20th of Feb

Testing of up to three volcanic zones is anticipated to be completed within approximately 21 days at which time the test results will be announced.


So perhaps an ann tonight or Monday like JTLP said.
 
You didn't read the report of the 4th march that say that the full result for the well L44-R is due two weeks after this report (=tuesday 18)
 
Half year reports were put out on Friday after the market closed, six months profit of 5.1 million. Should be bigeer full year with rise in oil price. Very impressive, also ann due on drilling, should see a little run before Easter.
 
I have just sold some stocks to buy more CVN.. With a cashflow coming in I think they are looking promising compared to many other explorers.. Lets hope for further good news tomorrow..! !
 
I've increased my holding at $0.42 today
Now I just need to close my eyes so I don't see what a disaster the DOW turns out to be on the next trading day.
 
derbon99 said:
You didn't read the report of the 4th march that say that the full result for the well L44-R is due two weeks after this report (=tuesday 18)
Click to expand...

mmmmmmmmmmmmmmmmm..... today is the 26th March .... or have I missed something ?? a small kick to push this along and away 40c would be nice..!
 
I have purchased more at 45c .. I am really hoping we get some strong news in the next couple of weeks that will bring back the markets interest for CVN .. I dont think it will take much to be back at 60c +
 
adobee said:
I have purchased more at 45c .. I am really hoping we get some strong news in the next couple of weeks that will bring back the markets interest for CVN .. I dont think it will take much to be back at 60c +
Click to expand...

I had news due early this week on NS1 D1 and POE 9A (taken from my scribble so numbers and letters could be out a bit). Running late I presume......
 
well lets hope this delay is because they are testing the flow rate of the new well

i had a look back over a few drill announcements and whenever they were overdue it came up as a strike! this is not a reliable interpretation of course but it keeps our spirits alive hey...

but watching the trading over the last few days its slowing down in turnover and looks to me that fewer people are willing to sell in a desperate manner which seemed like the case a week ago and before that.

lots of news over the next week hopefully all will be good, its very exciting...fingers crossed.

(waiting on drill results is so much like gambling)
 
Yep it's been an unusually long time between ann for CVN/POE. 5 weeks since they said testing should be completed within 21 days.
Maybe there is something significant down L44-R?
Would be nice to think there may be another commercial reservoir in that 207m zone.
Wishful thinking but given the extra time taken to come out with results has me more optimistic than pessimistic.

They should also have results for NS1-D1 and POE-9 by now so given their strike rate there's a good chance that there'll be some good news in the next ann.

The 2 rigs must be ready to commence 2 new targets by now?
 
Testing should have finished some time ago. There has not been any major movement with the JV share price.

Maybe they are stalling so that they can release some good drilling news with the results. IMO

Ill be looking to get back in if it tests the high 30's.
 
Up 5% so far today....someone in the know buying up??

If this heads into a halt it could suggest positive news....
 
yeah, there has been some good size packages bought over the past hour. I expect a nice rally within the last 30 minutes of trade. There seems to be a few people saying that the longer this flow test announce takes the more likely that it will be a positive as they are expecting an more detailed analysis (ie longer time taken) if there was a new feild discovery. I'm not 100% on that theory but seems nice to dream...
 
Viginti said:
Up 5% so far today....someone in the know buying up??

If this heads into a halt it could suggest positive news....
Click to expand...

I have never seen CVN head into a Halt.

By god if it did that would be sweet, but yeah, never seen it in one
 
Hi guys,

Just thought I'd let you know that I have e-mailed CVN regarding a few things...they are:

- Awarding of blocks L52/50 & 53/50. Was Pearl (who bid on behalf of CVN) still the sole bidder on these blocks?
When did the applications close?

- When can the market expect an update on the reserves? (I always assumed end of March but people have stated May )

- When can the market expect to hear an announcement regarding the 3 wells currently being logged/tested? Has their been a delay in results due to a backlog etc?

That's a summary...looking for a response by Monday!

Cheers

JTLP
 
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