CVN 2.44% 20.0¢ carnarvon energy limited

Ann: Historic Bedout Sub-basin Flow Test-CVN.AX, page-47

  1. 18,254 Posts.
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    "I am also a bit confused with " 51.2 million scf per day of gas and 2,943 barrels of condensate per day, that is approximately 11,500 barrels of oil equivalent* per day. "

    I take it that is oil and gas at 11500 barrels per day. How is the gas converted to barrels, it would not be I assume on value of gas to oil conversion."

    I feel the 11500 barrels of oil equivent per day is somewhat misleading. There's oodles of undeveloped / uncontracted gas out there, so the bit they can more readily monetise is the condensate, but that's less than 3000 bpd. CVN's share of that is just 600 bpd (accepting that the real figure will likely be somewhat higher given the testing restraints).
 
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