CVN 2.56% 19.0¢ carnarvon energy limited

Ann: Dorado 3D Seismic Data Update, page-4

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    . The 3D covered all of Apus and some of Pavo. Hopefully the data will uncover some tantalizing prospects in this very exciting area in the area of Dorado, Roc and Phoenix. CVN's strike rate in exploration wells in the area have been excellent .Both have been front and centre in announcements of potential oil and gas zones. Management is very excited with them and the potential is huge and may well dwarf Dorado. Fingers crossed. However I recall they are in much deeper water and the cost of Dorado CAPEX is comparatively low due in part to the shallow depth. Anyone have more detail on this?
 
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