CVN 3.33% 14.5¢ carnarvon energy limited

Ann: Dorado-1 Oil Discovery, page-146

  1. 4,724 Posts.
    lightbulb Created with Sketch. 226
    what is known to date:

    (at least 2) TWO sands intersected in Caley mbr......

    this is a stratigraphic trap.....

    uppermost sand:
    "
    Dorado-1
    The Dorado-1 well is targeting multiple stacked reservoirs within the Caley interval. The top sand alone is estimated to contain a gross mean recoverable prospective resource of 545 Bscf of gas and 31 million barrels of associated condensate – Refer to ASX Announcement on 14 November 2016. "

    significantly better NtoG that Roc, and better Por & (likely imho) Perm....

    CVN has previously rpted prospective vol's for A / B / C / D for the Caley....

    ditto the Milne.....

    they have the pressure data - so know the potential column height......

    while "early days" ..... I still rekon this stock is a buy .......

    rgds
    Value_Hunter
 
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