tnks Ya,
appreciate your thoughts ......
gas "cant have seeped out" @ D-1 - otherwise it wouldn't be a seal .....
William gusso published a paper (a very very long time ago) - explaining how oil gets "pushed" out of reservoirs to updip locations ......the spill point betwixt roc and dorado is clear on seismic ....and the fact that their were oil shows in R1 (and r2) throu the caley hint at this displacement mechanism.
understand your conservatism re volumetrics.....as we have both said - the Operator (and CVN) have the pressure data - so know the (potential) lateral extent.....the "oil rim" on the roc structure does have some rather +ve implications thou !
we also "know" that there was oil in the Milne @ roc ........
so - if it has also migrated throu .......then there is a large race-horse in front of us ......
mr market seems to understand the above ....hence the continued interest in the stock !!!
rgds
V_H
tnks Ya, appreciate your thoughts ...... gas "cant have seeped...
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20.0¢ |
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Mkt cap ! $357.7M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $110.8K | 554.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1106170 | 19.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 221765 | 11 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |