Updated 13 Nov
..........Drilling F......G......H Stone
POE 1....O .....................(dificulty, rig to return later)
POE 2 ...X .....P ....40 .....? + poss A sandstone
POE 3 ...X .....P .....P .....T
POE 5 ...X .....P .....P .....T
POE 6 ...X .....T .....45....? 2 poss.pay zones above POE7 ....O .....? .....?..... ? 514m 13 Nov
POE8 ....X..... P .....P .....P A-H zones should be tested
POE 9 ...W ....? .....?.......?
Production ....0 .....85 ....0 = Total 85 bpd
100 barrels @ 20USD profit = CVN share of 40% $292KUSD per annum clear for CVN
P = Perferation pending awaiting flow testing
T = Flow rate testing in progress
O = Drill rig operating
W = Work not yet commenced
X= Drilling complete
?= Not mentioned in releases.
Phase 2 has 22 more wells to evaluate.
re:drilling report, page-7
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