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CVN - Carnarvon Energy

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camiakenn said:
WICKR ID:megankush// BUY>>>??WEED, ??COKE, ?? ICE ??DEXIES??SHROOMS??SHARDS, ??GLOCKS, ??XANAXS, ??NEMBUTAL, ??LSD, ??MDMA, ??TRAMADOL, ??METH, ??MOLLY, ??VAPES, ??HOOKUP, ??PILLS, ??BENZOS, ??OXYCODONE, ??VALIUM, ??RITALIN, ?? MARIJUANA ??OXY ?? GHB ??GBL ??OPIODS?? KETAMINE ?? HEROIN ?? COLD ?? MD CAPS ?? CHARLIE ?? SNOW ?? WHITE GIRL ?? LSD ?? GUNS ?? GLOCKS ?? DEXIES ?? KETAMINE ?? OXY ?? SNOW ?? CRACK ?? SPEED ?? PUFF PUFF ?? WEED ?? SHROOMS ?? GEAR ?? PILLS ?? BUD ?? MARIJUANA ?? HEROIN ?? CHARLIE ?? CHASING SHARDS??
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What's the message between capitalised words???
 
This sounds bad.

12m gross oil column. The revised seismic indicated 50 to 60m oil column.

The revised seismic seems to have got it wrong. Maybe the field isn't economic.
 
Ferret said:
This sounds bad.

12m gross oil column. The revised seismic indicated 50 to 60m oil column.

The revised seismic seems to have got it wrong. Maybe the field isn't economic.
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@Ferret
Yes, that did sound bad. The gross column was too low to support the economics.
Will see it tomorrow for sure.
Personally, I have encashed my 50 pc of CVN holding, so paper impact will be 50% less tomorrow (I hope)
Have a good night.
 
Market behaved as predicted but probably somewhat better than i was speculating - only 12% fall compared to some of the high rises happened not long ago (in anticipation of drilling outcome)
1642639085362.png
 
Game changer for CVN with the announcement this morning of a material oil discovery at the Pavo-1 well. Although CVN only have 30% to Santos' 70%, with oil prices still above US$100 a barrel it's the perfect time for a discovery like this. As a small cap stock the CVN share price will benefit from this much more than STO.

CVN230222.jpg
 
greggles said:
Game changer for CVN with the announcement this morning of a material oil discovery at the Pavo-1 well. Although CVN only have 30% to Santos' 70%, with oil prices still above US$100 a barrel it's the perfect time for a discovery like this. As a small cap stock the CVN share price will benefit from this much more than STO.

View attachment 139365
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Yes.
The market opened with 25 pc increase on CVN but STO with 80 pc holding of this discovery, did not blink.
Disclaimer- Holder of CVN and STO
 
Miner said:
Yes.
The market opened with 25 pc increase on CVN but STO with 80 pc holding of this discovery, did not blink.
Disclaimer- Holder of CVN and STO
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Yea I was still dissecting the news and cursing myself for not buying more @21.5.

Back down to 37c with seller outnumbering buyers 2:1.

Still hold both as well.
Edit: (Santos 70 per cent and operator, Carnarvon Energy 30 per cent).

Dunno how to buy or sell (anything) at the moment. Funny times????
 
“With the global oil and gas markets seeing increased volatility, low-CO2 oil and gas resources at Dorado and Pavo add significantly to Australia’s national energy security,” said Santos’ chief executive, Kevin Gallagher.
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“The Pavo-1 success is expected to support a potential low-cost tie-back to the first phase of the proposed Dorado development, with Pavo north having an estimated breakeven cost of less than $US10 per barrel.”
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excited .... just a bit
 
Trading Halt for capital raise.
High energy market. Recent rise on CVN price. Good discovery.
Not knowing the CR price, i see this is perfect time for CVN management to get a decent +30 cents price and oversubbscription of the CR.
 
Ferret said:
Looks like the capital raise is for the instos only. That sucks...
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Yes. It sucks. $70 M only to Instos at 30 cents. Shareholders are just to be considered when they have no base. Once they find good base then shareholders are ridiculed under the legal coverage - no shareholders approval is required. :mad: :mad: :mad:
 
Apps 1 drill result. The lack of commercial outcome from an excellent drilling .
Would like to see how market receives this.
 

Attachments

  • Apus1 Drilling Update_1650320340000.pdf
    335.7 KB · Views: 3
Miner said:
Yes. It sucks. $70 M only to Instos at 30 cents. Shareholders are just to be considered when they have no base. Once they find good base then shareholders are ridiculed under the legal coverage - no shareholders approval is required. :mad: :mad: :mad:
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You'd be sort of happy .... down 20% to 26c

Apus-1 wasn't quite a duster but clearly not a reservoir of commercial oil accumulation
 
Dona Ferentes said:
You'd be sort of happy .... down 20% to 26c

Apus-1 wasn't quite a duster but clearly not a reservoir of commercial oil accumulation
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It's a loose loose situation
I was unhappy not to get the 30 cents rights.
But now my current holding also gone down by 22 pc today
 
I've placed all me Oil bets some months ago on bigger fish and noticed some cash left beside my Oiler chips.

CVN had me anxious and I sold last year.

Any better chances now for a few lazy small ones on CVN on the morn . @Miner ?

I promise to DYOR ( Don't yelp on ruin ).

It seems all over the place (AOTP) with good and bad wells and my betters from Riverview being allocated dud shares.

BYO.

gg
 

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