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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Cuervo Resources Inc CRVNF

Metals & Mining Industrial Metals & Minerals
"Cuervo Resources Inc is an exploration stage company. The Company is in the business of acquiring, exploring for and developing mineral properties in Perú."


GREY:CRVNF - Post by User

Cuervo Resources Inc > Q4 news is out.
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Comment by burgoyneon Mar 26, 2004 8:30am
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Post# 7269612

RE: Q4 news is out.

RE: Q4 news is out.Read through the report. A lot of good news and numbers. I'll admit right off the bat I saw one disturbing number, netback/BOE. I thought this was very low. 10 bucks a barrell when you are getting 33 a barrel? Management did discuss this as an issue, however, and they are obviously concerned and working towards rectifying this as much as they can. The finding costs per BOE weer higher than I usually see in companies I am invested in,bt most of those deal with shallow gas wells. Find is exploring some pretty deep wells, which add substancially to the cost. Hopefully these pan out nicely in long life wells. I'll watch those numbers closely. If it takes 13 a barrel to find oil and you are making 10 on netback ...
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Dealroom for high-potential pre-IPO opportunities