CVN 7.14% 15.0¢ carnarvon energy limited

hartleys 12 month target, page-20

  1. 268 Posts.
    Not sure how many have followed the developments of the Warro field but drilling has finally began.

    During the life of the field the Joint Venture could drill over 200 wells to produce an average of 100-150 million cubic feet of gas a day (approx 100-150TJ/day), which is approximately 10% of the needs of the South West.

    The gas will be piped to the gas processing plant from various well pad groupings before being delivered to the ‘Dampier to Bunbury’ and ‘Parmelia’ pipelines 30km to the west where it will be sold to customers north and south along the pipelines.

    Of course CVN will get a royalty interest of 2.5% on all gas found. Latent Petroleum (operator) are partnered with Alcoa and Transerv Energy.




    http://www.latentpet.com/framework/gallery/displaygalleryimage.asp?filename=315.jpg&constrain=500

    http://www.theaustralian.news.com.au/business/story/0,28124,25015875-5005200,00.html

    http://www.alcoa.com/australia/en/news/releases/New_Joint_Venture_to_Develop_WAs_First_Tight_Gas_Field.asp
 
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