CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Dorado-2 Drilling Update, page-59

  1. 18,924 Posts.
    lightbulb Created with Sketch. 2658
    Not sure if investors have picked this up.

    From D1.

    1. Gross of Caley was 96.1m and net pay was 79.6m, and
    2. Gross of Baxter was 21m and net pay was 10.5m.

    https://www.carnarvon.com.au/wp-content/uploads/2018/07/Dorado-1-oil-discovery.pdf
    https://www.carnarvon.com.au/wp-content/uploads/2018/07/1822901.pdf

    Total Gross from the two reservoirs (Caley and Baxter) at D1 was about 120m (96.1+21)

    But at D2, the coring for Caley and Baxter reservoirs was over 233m. Now, its likely they cored a bit above the top and a bit below the bottom to be on the safe side. But even with a buffer consideration of 20m on each side (top and bottom), we still have an overall thickness of 193m.

    Any way, base on the above, we can conclude the Gross for the combined Caley and Baxter at D2, is at least 70m thicker than at D1.

    The question is what is the Net Pay for these two zones?

    And is the Baxter filled with Oil instead of gas and condensate?
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
-0.005(3.03%)
Mkt cap ! $286.2M
Open High Low Value Volume
16.5¢ 16.5¢ 15.5¢ $143.0K 897.8K

Buyers (Bids)

No. Vol. Price($)
7 147063 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 795942 6
View Market Depth
Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.