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CVN - Carnarvon Petroleum

Discussion in 'Stocks 0-H' started by yogi-in-oz, Jun 6, 2006.

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  1. Garpal Gumnut

    Garpal Gumnut

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    Why?

    gg
     
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  2. Miner

    Miner

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    @Ferret
    Mate you would provide a big smile to all CVN holders with this wish :)
     
  3. Ferret

    Ferret

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    Santos own I think 80% of the block where Dorado and ROC south are. They might want the lot.
     
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  4. Trav.

    Trav.

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    unlikely as announcement states Roc South-1 well results

    upload_2019-7-5_0-16-22.png
     
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  5. Miner

    Miner

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    Thanks Trav
     
  6. Miner

    Miner

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  7. Trav.

    Trav.

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    Buying oppotunity ? :laugh::laugh::laugh:

    Not good but usual sell off. CVN still have Dorado, and they have not abandoned Roc South-1 yet as they mention that they are going deeper by anouther 600mtrs
     
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  8. BlindSquirrel

    BlindSquirrel

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    aww nuts, my holding is back to being just under a 2 bagger.
     
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  9. Garpal Gumnut

    Garpal Gumnut

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    Condolences @Trav.

    Maybe next time mate.

    I cannot see STO making a bid in this situation.

    gg
     
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  10. Miner

    Miner

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    Thanks @Garpal Gumnut
    Your salt was really good. It did apply to my wound too .
    Enjoy in a short term though :)
     
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  11. Garpal Gumnut

    Garpal Gumnut

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    Condolences mate.

    I'm a believer in CVN.

    See how many times I've picked it in the comp over the years.

    Losing a few quid on this is no shame.

    gg
     
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  12. Trav.

    Trav.

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    Cheers gg, not all bad as I am basically break even again. Should start to rise again next week once people cut their losses after being trapped in over the weekend with the trading halt.

    I should take my profits quicker, so another lesson learnt :oops:

    Trav
     
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  13. Miner

    Miner

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    All good mate. It is part of a game when we rely on exploration.
     
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  14. Garpal Gumnut

    Garpal Gumnut

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    I'm a bit , more than a bit like you two, @Miner and @trav

    Eldorado is here in Australia.

    CVN have done the hard yards.

    I may join you on the next effort.

    Stay happy and well.

    gg
     
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  15. barney

    barney

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    Its always a balancing act taking profits on the up and cutting them loose on the downs. I went out in sympathy with you guys today … CVN down 21.55% for you unfortunate chaps ….. My major "retirement" holding PNR which should be performing brilliantly with the POG at the moment also dropped 23.26%, so I'm back on baked beans for a few months:( … Spec stocks are never straight forward.
     
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  16. Trav.

    Trav.

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    @barney mate just unfortunately that this has been a theme in the last couple of weeks for me, having paper profits one day then gone the next. With the market being so positve as well just add's to the frustration...PNR chart looks very sick as well today :eek: at least we can comfort each other on this day of misery:cool:
     
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  17. barney

    barney

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    Yeah its frustrating Trav …… I still expect PNR to recover in time and to be honest I think CVN will also do ok down the track …. but the short term gyrations can certainly test your mettle on these roller coasters …. Cheers.:xyxthumbs
     
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  18. peter2

    peter2

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    I'll confess that I sold CVN soon after the results of Dorado-2 were released. These results seemed to have a high probability for success and was worth waiting for. I was not interested in Roc South-1 results because they had a much lower probability of success. I am unaware that the geology of Roc South is connected to Dorado other then their close location. I may be wrong, but it doesn't really matter.

    CVN only owns 20% of the resource. Even though the Dorado resource is HUGE, 20% is not such a huge fraction. The resource will require massive capital for development and while CVN does have lots of cash they'll probably need more once a developmental plan is created. STO may decide to buyout CVN's share, who knows.
     
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  19. peter2

    peter2

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    It appears that the Roc South 1 drilling will continue lower to investigate lower levels (Crespin, Milne). These levels held condensate rich gas in the Dorado discovery. The drilling is investigating if these two fields are linked. So far, no.

    Once this drill is completed the rig is going back to Dorado to drill Dorado 3. These drill results will be interesting.

    btw: STO price didn't fall at all with the results from Roc South1. They didn't rise any with the Dorado news either. CVN is definitely the minnow here.
     
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  20. Miner

    Miner

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    Dear @peter2 , @barney , @Garpal Gumnut
    I am contemplating an overwhelmed feeling on the solidarity expressed by you trio to myself and @Trav.
    A big thank you indeed.
    So that you do not get utterly worried, like @Trav. said he was on breakeven, I was still on the plus side of original invested price as per closing price of today. So it is all good. I have made paper losses so long, not sold out on panic. CVN is still of good value and the market reacted as it would have given the opportunity to re-enter. It is not a dud share for sure. Speculative investment has a high risk. So it is similar or probably better than FAR.
    What is nice to see the fraternity of ASF forum people and it is a very rewarding feeling for me - money comes and goes but good feelings are eternal. Sorry for becoming philosophical :)
     

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