CVN 5.88% 16.0¢ carnarvon energy limited

Ann: Dorado-3 Drilling Commenced, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 19,072 Posts.
    lightbulb Created with Sketch. 2666
    Retired123,

    The best way to picture Dorado is a trap; like a fish tank you may have.

    The trap in your fish tank are the 4-sided glass.

    And if you place sand and liquid inside the fish tank, you know the liquid won't escape as its blocked by the glasses on all sides.

    And you also know you can extract the liquid inside the sand, with a suction tube.

    However, what you don't know is the rate of extraction of the liquid from the sands, as you don't know how well the liquid flow through the sands into the extraction tube.

    Well, that is what we doing at Dorado 3.

    We have already established Dorado is a trap via D1 and D2.

    What our JV are trying to establish via D3, is to find out how well it flows; the easier it flows, the more we can extract, which means the more volume we can recover.

    And the more volume we can recover, the More Money we will make and the more our SP will respond.


 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.