CVN 1.52% 16.8¢ carnarvon energy limited

Ann: Trading Halt, page-102

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  1. 17,037 Posts.
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    Yes - TH pending announcement of Roc South well RESULTS

    So timeline is as follows:
    • 2nd July 925am Ann - Reached MD 4,113m + Cleaning the hole in preparation to set the 8-1/2" casing.
    • Depending how long the cleaning and casing takes to set - proceeds to drill ahead in 8-1/2" hole to planned TD of 4,500m
    • Caley and Baxter expected to be encountered between 4,113m and 4,500m depth.
    • 4th July 923am - Trading Halt called for pending ann on Roc South well results.

    So with the 48 hours turnaround - we can estimate how far deeper they have drilled - clearly by 4th July today they aren't still sitting at 4,113m which was considered the top of the target zone reseviours.
    They would have gone at least 100m to 150m and be sitting at 4,213m to 4,263m by now to be within the target zones prior to calling the TH today??


    https://hotcopper.com.au/data/attachments/1624/1624515-31f1326f7988bb34f2fa578334b75299.jpg

    https://hotcopper.com.au/data/attachments/1624/1624519-46e5596265983e1870b8a54b2315a756.jpg
    Last edited by kevin103: 04/07/19
 
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