Australian (ASX) Stock Market Forum

CVN - Carnarvon Energy

yeah i was actually going on their latest announce to get dates...but looks like we are on the same page....i also liked the volcanic reservoir of allmost 200 meters on one area alone...!!! but i think as its deepest it wont be tested at this point in time....is that correct?

L44G-D1 Appraisal Well
L44G-D1 is located in the north fault block of the seismically defined Na Sanun East
structural closure, approximately 7.4 kilometres north of the producing NS3-D1 well and
585 metres northwest of the previously drilled L44-G well.
The L44G-D1 well is a deviated well that has now been drilled to a total measured depth
(“MD”) of 1,136 meters (907 meters true vertical depth (“TVD”))
The well encountered multiple potential volcanic reservoirs at 736-755, 771-804, 836-
850, 867-896 and 955-1,136 meters MD. These intervals are in addition to the
approximately 80 meter thick volcanic zone encountered in the first logging run prior to
setting intermediate casing. Lost circulation (an indicator of good reservoir development)
of 17 bbls/hr was encountered at 867 meters MD and 53 bbls/hr at 1,112 meters MD.
Numerous oil shows and high mud gas readings were observed throughout the well.
The well has been completed for well testing which is anticipated to commence within a
week.

L44-G Appraisal Well
Drilling of the L44-G well was completed some weeks ago, but flow testing was delayed
while the drilling of the sidetrack well L44G-D1, from the same surface location, was in
progress due to the close proximity of the two well’s concrete cellars. This did not allow
access for a service rig or installation of surface facilities while the AZTEC #14 was
drilling on location.
Both wells are located within the large but as yet untested northern fault compartment of
the NSE structural closure.
As previously reported, lost circulation, an indicator of good reservoir quality, was
encountered within the volcanic section similar to the lost circulation in the other
successfully producing wells.
Testing at L44-G well is anticipated to commence within the next week.

taken from announcement 21/9/07
 
anyone care to analyse a CVN chart...besides the gap from the last announcement it looks quite strong to me. Do the sales from June technically cancel out this gap? Gotta love the high volume of the last 3 days at around the current SP.

Does anyone have an idea of their ops outside of thailand and when/if any announcements are due out in the near future?

chart.gif
 
im not a chartist, but FP just put out a report. They say that there is a high probability that the gap will not be filled, given the volumes and intensity.

I only know of their Carnarvon basin tenements in WA, but rightfully, no value has been attributed to them since nothing is yet known about any viability of these. Check their Good Oil presentation a few weeks ago for more info.

The next announcements are due in the next week or two for L44G and L44G-D1. L44G looked like its gonna be a good one too, but probably not as big as the 1265 one. Im guessing around 400-500bopd. Doctorj would be better able to make a guess; im no geologist.

The past announcement also said that L44G success could prove up significantly more reserves because of its distance from existing wells.
 
I think it is unlikely that this gap up would be filled as is represents an increase in asset. There may be a small dwindling but with the closeness of flow testing of the other two complete holes, one which by reports has good prospects, the complacency drift will not develop. Carnarvon and future exploration does not add value. IMHO
DYOR
Cheers
 

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Hold this myself.Looking for a clear direction from this initial gap up.
I'm expecting the gap to be half filled to around 25c if this is the case I would on a confirmed strong move north add to the position.
Just what I will be doing not meant as trading advise.
 

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With POE going up a strong 4% overnight, solid buy orders coming in on CVN, I suspect a good day to low-mid 30's for CVN today ahead of ann tomorrow, and another surge.

This is what happened last time ( Last Friday ) !
 
With POE going up a strong 4% overnight, solid buy orders coming in on CVN, I suspect a good day to low-mid 30's for CVN today ahead of ann tomorrow, and another surge.

This is what happened last time ( Last Friday ) !
1234, can you please add more analysis to your predictions of 'surges' and the like. Otherwise the readership will just think that you are ramping, which will defeat the purpose of your posts. Thanks, kennas
 
1234, can you please add more analysis to your predictions of 'surges' and the like. Otherwise the readership will just think that you are ramping, which will defeat the purpose of your posts. Thanks, kennas

Sorry bud, not intentional..

Generally, the market follows POE and it's performance on the Toronto Stock exchange the night prior.. It's also a good indicator of when an announcement might be made. ( POE saw nearly $6 last night, before settling )

As I 'predicted' ( not hard! ) a strong open today, with a high of .33 already..

Solid trades being made, and volume will be well up today.

'Surge', meaning everybody will want to jump on for the rise in sp. Also got a mention on a few websites ( fat prophets ) stating a recommended 'buy'.
 
Sorry bud, not intentional..

Generally, the market follows POE and it's performance on the Toronto Stock exchange the night prior.. It's also a good indicator of when an announcement might be made. ( POE saw nearly $6 last night, before settling )

As I 'predicted' ( not hard! ) a strong open today, with a high of .33 already..

Solid trades being made, and volume will be well up today.

'Surge', meaning everybody will want to jump on for the rise in sp. Also got a mention on a few websites ( fat prophets ) stating a recommended 'buy'.
Cheers, thanks for that. Nice to get a good response! :) It's only up 10% though.....LOL :) Good work. kennas.
 
Cheers, thanks for that. Nice to get a good response! :) It's only up 10% though.....LOL :) Good work. kennas.

Yes, 10% today. And 50% in a week :)

My September stock pick, and is traveling at ~+80% this month ( If I was eligible :banghead: )

I also think it will finish above 100% for the month ( imo )
 
Sorry bud, not intentional..

Generally, the market follows POE and it's performance on the Toronto Stock exchange the night prior.. It's also a good indicator of when an announcement might be made. ( POE saw nearly $6 last night, before settling )

As I 'predicted' ( not hard! ) a strong open today, with a high of .33 already..

Solid trades being made, and volume will be well up today.

'Surge', meaning everybody will want to jump on for the rise in sp. Also got a mention on a few websites ( fat prophets ) stating a recommended 'buy'.

hi 1234,

Have u ever seen an announce from POE on the TSX that involves CVN that has come out before it comes out on the ASX?

Are you able/is it possible to post a chart that compares POE with CVN?....say over the past 4 weeks???

ps. i dont think that CVN are going to announce that testing has started on the next two holes, i think they will just post any test results, hopefully next week.
 
hi 1234,

Have u ever seen an announce from POE on the TSX that involves CVN that has come out before it comes out on the ASX?

Are you able/is it possible to post a chart that compares POE with CVN?....say over the past 4 weeks???

ps. i dont think that CVN are going to announce that testing has started on the next two holes, i think they will just post any test results, hopefully next week.

CVN use POE's releases on Thailand results!! Nothing changes, except 'POE' is replaced with 'CVN'

I will atempt to plot the two, ( I have thought of that aswell ) very similar though..
 
hi 1234,

Have u ever seen an announce from POE on the TSX that involves CVN that has come out before it comes out on the ASX?

Hi Inore and CVN'ers

The ann's regarding POE first appear here
http://www.marketwirecanada.com

Type in POE in the search and you get the latest news - usually released overnight our time and submitted to ASX the next morning.
Don't think you can jump the queue though - I heard about the last well flows the night before and put a buy order in at 25c hoping to get some before the news broke here but missed out when it opened at 28!

Still it's handy to keep an eye on if you're up late and can't wait for the next exciting release (Say Monday night perhaps??)

Now I have a question regarding this excerpt from TJ...


"We now have three producing wells flowing oil on the upfaulted Na Sanun East Field and one producing well flowing oil in the downfaulted Na Sanun Field," Chief Executive Ted Jacobson said.

"This is a great result, bearing in mind that we are only flow testing one of the four potential volcanic zones intersected in the wells."

Can someone explain this more clearly?
Does it mean each well has intersected 4 zones at different depths?

Every time I read their ann's I find another snippet that gets me thinking more excitedly. Can't wait to see how L44G & L44G-D1 come in. We know there's some oil there, and I'm not really expecting another 1200bbls plus, but I can't help but think that anything commercial here and one could start to conclude that the whole NS East field is possibly interconnected from north to south.

IMHO only, but at least one can dream!
Guess we'll find out more soon...
 
re latest ASX announcement App3B....is this an options issue at 10c each to Hartleys??? this is only worth $250k....they have cash in bank....why would CVN do this??? or have i got it all wrong?
 
re latest ASX announcement App3B....is this an options issue at 10c each to Hartleys??? this is only worth $250k....they have cash in bank....why would CVN do this??? or have i got it all wrong?

How did you know who it was to INORE?? Are you guessing?
You'd start to wonder if it was considering the awesome broker report Hartleys released a few weeks back..
 
How did you know who it was to INORE?? Are you guessing?
You'd start to wonder if it was considering the awesome broker report Hartleys released a few weeks back..

well i just presumed it cos when CVN emailed me there latest ASX announce it came with a PDF which is titled 'App3B_HartleysOptions_02-10-07.pdf'
perhaps they are just some sought of fascilitator????
 
I dont know much about this and im probably totally wrong but based on your calculations of the value of the options, thats alot of coin if it was for payment of the report, and one might think that they are paying a premium for an extraordinary write up??... Maybe they're saving their cash and issuing options to pay for some other expense entirely, I have no idea......
Maybe Hartleys is doing something for CVN right now that costs alot of $$$ and for some reason want to keep their cash??? Merger perhaps???
Its interesting non the less
 
It was the conversion of 2,500,000 options at a strike price of 10c into fully paid ordinary shares, not a new issue of options.

Item 6 on the appendix:

"Issue of shares on exercise of unlisted 10 cent
options exercisable on or before 31 March 2009"
 
Interesting $500k get's bought up in the last minutes of trade yesterday, now this + and the ann is 'overdue' - going on there +'ve track record.

POE has also seen good volumes, and has finished above $6 last night

Is something brewing? Can anyone elaborate a touch more on what it all may mean ( From a technical standpoint )


Cheers.
 
CVN.gif

If you look at the chart is sure looks pretty damn healthy to me (not enough characters for 100 letters)
 
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