Do they incorporate sidetracks or other deviations (or duplications) to facilitate multiple accumulation access or perhaps even the introduction of pressurisation via reintroduction of gas or CO2?
Production wells typically cost much more than explorations wells, which are more or less simple single hole virtical fishing expiditions.
Unless CVI get ground ready to be developed, I assume their wells will be explorations wells...as such much cheaper than development drilling.
I guess if their wells are of the development kind, then we must be looking at an existing discovery...perhaps even previous production wells?
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
