CVN - Carnarvon Energy

[Bushrat]

CVN's going to come out the blocks pretty hard and fast....buyers lining up, chomping through the sell side....wonder when CVN will get the announcement to the ASX

 

[jtb]

CVN's going to come out the blocks pretty hard and fast....buyers lining up, chomping through the sell side....wonder when CVN will get the announcement to the ASX

Certainly is Bushrat, excellent news though so a lot of people will be happy - looking like a 40c open at the moment

 

[MS+Tradesim]

Monday will be very interesting in light of POE from Friday. Intra-day high of $8.86 and closed at $8.80. TSX Comp. fell 2.3% and TSX-V fell 1.22% yet POE rose 12.82%.

http://www.tsx.com/HttpController?G...ehome&Language=en&QuoteSymbol_1=poe&x=11&y=14

POE and CVN charts look VERY similar over last 3mths so here's hoping CVN bucks the XAO on Monday to close on or near a new high.

 

[Bushrat]

I was just looking at that myself, and when you compare CVN to POE over the past week, CVN is 20% behind, and I cant see anything else driving POE at the moment apart from news out of Thailand...exciting times ahead for CVN holders in coming weeks/months...

 

[Sley]

Just out of interest are there many people on here holding CVN for the long term or are a majority traders?

 

[Caliente]

Should push nicely mateys.

CVN is showing some major lag now vs POE, which I might traded fantastically vs the TSX/DOW carnage on friday (see the 1-day below for 19/10/07).

I don't think its a stretch to call for a soiree with 50 cents in the near future...

 

[chewy]

Just out of interest are there many people on here holding CVN for the long term or are a majority traders?

I hold for the long term. These guys can afford to drill like crazy now and are getting excellent results . Oil is only going to get more expensive in the long term too. (note - i am a noob investor though so I'm not talking from experience!).

 

[Garpal Gumnut]

I hold for the long term. These guys can afford to drill like crazy now and are getting excellent results . Oil is only going to get more expensive in the long term too. (note - i am a noob investor though so I'm not talking from experience!).

I'm a long term holder. Its a bit like being on a bull at a campdraft at present with the price gapping up and up. I see no reason to sell at this point in time. The gaps and large ranges on high volume make me think that the big funds are getting on board now. Chart enclosed.

gg

 

[1234]

I'm long term also. Foundations have been set now. With the volume of trade on Friday combined with the bopd results from the latest ann, I think we should fare well in the bumpy ride that will be this week. Any drop in sp will be snaffled up pretty quickly imo.

Hardest hit this week will be those that rose on speculation - not results.

IMO confidence will be back up for the run to the next ann, let's all hope she flows as good as the last few..

 

[INORE]

i see in the annual report that their planned drilling will be around 1.5 wells drilled every fortnite....this is going to be a great trip in 2008...i got some more stock yesterday as i too beleive that 50c wont be too far away...

 

[1234]

Where's the link 1234?

POE Closed $9.30 last night.

Didn't take long!!!.

$9 was a bit of a resistance, but traded well regardless..

 

[1234]

Latest test results out on Marketwire.

WOWSER...

http://www.marketwirecanada.com/mw/rel_ca.jsp?id=784277


Pan Orient Energy Corp.-Thailand: NS2-D1 Tests At 1,920 bopd

CALGARY, ALBERTA--(Marketwire - Oct. 24, 2007) -

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

NS2-D1 Development Well (60% WI & Operator)

Pan Orient Energy Corp.'s (TSX VENTUREOE) recently drilled Na Sanun East ("NSE") oil field development well NS2-D1 has tested at a maximum rate of 1,920 barrels per day ("bopd") of 35 degree API crude in addition to an average 3% BS&W that is decreasing as the well continues to clean up and unload some of the 7,690 barrels of drilling fluid lost into the target volcanic reservoir during drilling operations. The well was free flowed on a choke setting of 32/64 inch on the annulus and shut-in on the tubing. Flowing casing head pressure is 260 psi and shut in tubing head pressure is 250 psi. Pressure data at various choke settings suggests the well is capable of production at rates much higher than 1,920 bopd.

 

[wipz]

Hahahahaha bet those suckers who sold it down thisarvo will be kicking themselves,, i love CVN!!
What is next, NS5 and NS6?? another 1,900 bpd perhaps ??

 

[resourcesman]

i topped up today (after selling my AAR shares) looking for a quick flip trade.... looks like the announcement came out before i could sell it lol!! fortunately for that
WWWOOOOOOOHOOOOOOOOOOO

this is now 100% of my portfolio not including a little in cash that i need to pay my bills

Ted is the man!!

 

[1234]

Gentlemen, it's been a pleasure

Feeling great for Carpal right now.. His motives are to be congratulated..

Holders and believers are to be congratulated for there commitment..

To those traders who sold the stock down today. BAHAHAHAHAHAHAH

Roll on CVN and the clean, clear, blue skies..

6000bopd, 2400bopd nett to CVN.

POE revalued to $14.00 - Kennas, YES, I will provide the link.. Hopefully BEFORE POE reaches $14. lol....

 

[wipz]

You know what, I was doubting CVN but this JV with pan orient has been the best thing ever to happen to CVN.. The future looks bright and this has made me so happy as i've had very bad luck with the oilers!! go CVN you beauty!!

 

[1234]

Indicative open is sitting @ 0.495c

Should do well today. Opening on a record high, up 15% on yesterdays close at that level.

6 more wells to be drilled before December.. 37 more next year. This is only the beginning of the drill programme!

In 4 wells they have produced ~50% volume of there estimated 3-4 year 100 well drilling programme!!

 

[INORE]

( I'm thinking out loud here )

The Valuation is proportional to the amount of black stuff pumping from the ground, ( and imo ) combined with it's potential..

32c was based on now ( back then ) and 72c was based on 10,000 bopd in a couple of years. ( check the chart from Hartley's ) The range was based on a certain success rate, with certain flow & reserves in a cetain time frame..

Consider the now has gone up 80% ( in bopd terms ) been brought forward 4 months, and the vol has gone up ( potentially ) 30% then the Val could well be up 30% on the now ( 41.5c ) and that's back then.. ( following me )

BUT untill we get figures, reserves and 6 months down the track, who knows??

1234...care to update this statement based on the latest info...i expect a few more people sitting up and taking notice now.

 

[patrick]

Great day for carnarvon up 15% at close sold the majority of my shares today at 51c after buying in at 39.5c earlier this week.

Still holding some of my shares and might look at getting back in as i feel there is more to come from this little oil producer.

 

[INORE]

so was anyone surprised to see that POE only went up 3.23% at the end of the day of the announcement of NS2D1?

They did have some pretty good gains just b4 the announce....do they have a leak? Will their market surge tonight?

saw this link on HC, thanks to red...

Have to provide an email address, then click on Pan Orient in the afternoon sessions:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2020700

interesting webcast from POE from this morning.