CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Dorado-2 Drilling Update, page-59

  1. 18,644 Posts.
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    Not sure if investors have picked this up.

    From D1.

    1. Gross of Caley was 96.1m and net pay was 79.6m, and
    2. Gross of Baxter was 21m and net pay was 10.5m.

    https://www.carnarvon.com.au/wp-content/uploads/2018/07/Dorado-1-oil-discovery.pdf
    https://www.carnarvon.com.au/wp-content/uploads/2018/07/1822901.pdf

    Total Gross from the two reservoirs (Caley and Baxter) at D1 was about 120m (96.1+21)

    But at D2, the coring for Caley and Baxter reservoirs was over 233m. Now, its likely they cored a bit above the top and a bit below the bottom to be on the safe side. But even with a buffer consideration of 20m on each side (top and bottom), we still have an overall thickness of 193m.

    Any way, base on the above, we can conclude the Gross for the combined Caley and Baxter at D2, is at least 70m thicker than at D1.

    The question is what is the Net Pay for these two zones?

    And is the Baxter filled with Oil instead of gas and condensate?
 
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