CVN 5.88% 16.0¢ carnarvon energy limited

Ann: Capital Raise, page-125

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    The primary objective in this well, the Caley Member, is anticipated to be penetrated just above 5,200 m MD. The evaluation for the formations above this will be based on Logging While Drilling (“LWD”) tools. Evaluation of the Caley Member will be initially via LWD tools as the section is drilled. Further evaluation is planned to be undertaken using a complete suite of wireline formation evaluation tools, including pressure testing and fluid sampling. No flow testing is planned for this well. The Caley formation was previously tested by the Roc-2 well and flowed at rates of around 55 MM scf/day and 3,000 barrels of condensate per day in well test operations successfully conducted in 2016.
 
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