Potentially Huge Oil Discovery AtCanning Basin, page-8

Before this announcement CVN had a marketcap of around $80mill. After announcement they are now $250mill. OEX is around $100mill. I guess this might reflect some hype but also the size of the potential finds and the lesser complexity and greater longegivity of a conventional well compared to uncoventional 'fracced' well.

Anyhow all theoretical speculation right now. I think what we've agreed is it would be nice to get an update from the company. As it stands it looks like the share price is heading south again today.