CVN 0.00% 15.5¢ carnarvon energy limited

Am still holding, but the water flow is a big worry.600 barrels...

  1. 1,657 Posts.
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    Am still holding, but the water flow is a big worry.600 barrels extra was good news. Why did they leave it till the summary to mention it is accompanied by nearly 400 barrels of water? Is there a geologist out there who can explain the ramifications.If the cementing was bad does it mean the water might also be sucked into their main producing well which is nearby?I agree with all the positive comments about the increase in production which is about to occur and normally a producing well is a good well. In this case ,I hate to say , the jury is out and the water might just spoil some our dreams.I am holding ,but would not buy any more untill we get more news on the water.Enthusiasm is great ,but we have to be realistic. All the best to all holders.
 
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