CVN 0.00% 19.5¢ carnarvon energy limited

thankyou sellers, page-5

  1. 744 Posts.
    Just wanted to clarify something fairly minor. From reading the anns I thought the JV were planning to test two more zones in L44H -D2, PLUS the main reservoir.

    However, I couldn't find anything in the anns explicitly stating the main reservoir would be tested and put on production (and remember, the main reservoir in L44H-D1 flowed initially at 4,000 bopd), so I called them today and spoke to Phillip (the guy that clarified the reserves calcs earlier in the year). He told me that test 4 (refer to the ann) is actually the main reservoir. So for clarity, test 3 will evaluate an untested level, and then test 4 is to see if they can replicate the 4,000 bopd L44H-D1 flowed at.

    Anyway, the important thing is that they do intend to flow the main reservoir, so the next ann should considerably increase production and give us all the headline we've been waiting for.
 
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