CVN 3.33% 14.5¢ carnarvon energy limited

Ann: Thailand Operations Update - L44 and L33 , page-5

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    lightbulb Created with Sketch. 17
    The decision over the two rigs will be interesting. Its a catch 22 really two rigs should increase production but will definitely put pressure on cash flow.

    At a production rate of around 2500 bpd its had to see how cash flow could fund a second rig.

    Possible to see a dip back into high 30's if L20/50 is unsuccessful IMO.

 
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