Am I the only one that has eyes and reads a ANN this is some most of the last report.
ANN 30 June 2010
Bo Rang B Field
L44W-A15-2, a deviated appraisal well located approximately 1.1 kilometres east of the BR-3 and BR-4D1 surface location, encountered the top of the Bo Rang B volcanic target at a depth of - 473m true vertical depth subsea (TVDSS) and the base at -510.58m TVDSS. The well has been on production for approximately four weeks and is currently flowing at a rate of 360 BOPD gross (144 BOPD net) after initially producing at approximately 500 BOPD gross.
L44W-A15ST1, a step out horizontal appraisal well drilled from the same surface location as the L44W-A15-2 well and a target location approximately 500 metres south of the L44W-15-2 well. The well encountered the Bo Rang B volcanic target at a depth of -439m TVDSS and the base at - 463m TVDSS. The well has been on production for approximately five weeks at a rate of 56 BOPD gross after initially coming on at approximately 300 BOPD gross. It is believed the unexpected low rates relative to the deviated L44W-A15-2 well above, may be due to drill cuttings lodged in the fracture system behind the perforated liner that was used in the completion.
L44W-A14, a step out appraisal well located approximately 1.1 kilometres east of the L44W-A15 surface location was drilled to test the areal extent of the Bo Rang B field assigned as possible reserves in the December 31, 2009 reserve report (3P). The main Bo Rang B volcanic reservoir was encountered at a depth of -539m TVDSS, two metres below the estimated oil water contact of - 536m TVDSS assigned as probable reserves in the December 31, 2009 reserve report (2P) and the base of the volcanic at -564m TVDSS, four metres below the 3P estimated oil water contact of - 560m TVDSS. The well is planned to be tested over three intervals, of which the bottom two have been completed:
Test #1: Casing was set over the upper portion of the volcanic target in order to isolate the lower 38 metres, below the 3P oil water contact. Testing of the base of the volcanic interval resulted in the recovery of approximately 1 barrel of oil and 63 barrels of water (mainly brine) before the well reached pump off due to a lack of permeability. Test #2: The interval -532 to -550 metres TVDSS, located in the uppermost 18 metres of the target volcanic was perforated at a depth straddling the 2P oil water contact. The well produced 1 barrel of oil and 38 barrels of brine before pumping off due to low permeability.
Test #3 will commence in the next two days with perforations over a nine metre thick volcanic that was encountered above the main Bo Rang B volcanic target and exhibited good oil shows while drilling.
( JUST WHAT HAPPENED TO THOSE Test #3 TESTS OOPS SORRY FORGOT ) Then we just wont talk about L44W-A14 any more??? NSE-F1 Field NSE-F2 was a vertical well drilled from a surface location approximately 1.2 kilometres north east of the NSE-F1 discovery well surface location and outside of the NSE-F1 field reserve envelope for proven reserves in the December 31, 2009 reserve report (1P). The top of the target volcanic zone was encountered at a depth of -675 metres TVDSS and the base at -732 metres TVDSS. Testing of the open hole interval -675 to -732 metres TVDSS resulted in the recovery of 18 BOPD of oil (gross)with 172 barrels of water. The well confirms a field areal extent much greater than the 1P envelope, but with an oil water contact most likely 79 metres higher than the 2P oil water contact estimate.
NSE-F3 was a deviated appraisal well approximately 1.6 kilometres south east of NSE-F2 described above. The top of the main volcanic objective was encountered at a depth of -646 metres TVDSS and the base at -689 metres TVDSS. Testing resulted in the recovery of approximately 0.6 million cubic feet of gas per day with no liquids.
NSE-F4 is a deviated development well drilled from the NSE-F2 surface pad targeting the main volcanic reservoir objective approximately 120 metres south of the original NSE-F2 well and approximately 35 metres structurally higher. The well is currently setting casing just above the main target zone and is anticipated to be completed drilling in the next three days.
Summary Drilling results within the Bo Rang B field appear to confirm the 2P oil water contact at -536m TVDSS and provide modest encouragement with regard to the 3P potential inferred by the very minor quantity of oil recovered from the interval -618 to -657 metres TVDSS at L44W-A14, the top being approximately 58 metres below the estimated 3P oil water contact of -560m TVDSS. There remains a large area of hydrocarbon potential within the Bo Rang B and Bo Rang A field areas that will be the focus of continued development drilling activities.
( Has this happened no )
AND JUST WHAT ABOUT NSE-F4 COMPLETING IN 2 DAYS OH THATS RIGHT FORGOT HAD TO GET SOMETHING BETTER TO PUT OUT AHEAD OF THE QUARTERLY REPORT WE WILL PUSH THE PRICE DOWN WITH THE NEXT RUBBISH WE HAVE FOR YOU AND BUY SOME MORE CHEAP.
I must be getting old please tell me they didnt just do what is clearly in black and white.
ALSO IN ANN 30 June 2010
An exploration well in L33 (Carnarvon 40%), to the north of L44, is expected to be drilled before the commitment date in July 2010.
Then no news until 29th July just before the Quarterly report and look at POEs chart after first week in July I dont think anything smells about this would you.
I THINK WE NEED A TRAFFIC GUARD THOSE OIL TRUCKS ARE DRIVING THROUGH THIS REPORT.
And most that chat about CVN are so overwhelmed about a good report that you dont even look at everything just think about what the next broker report may say heading for $2.00 and the door with your money their is a reason for doing things this way dont you think or just dont think outside the square.
(20min delay)