CVN 0.00% 16.0¢ carnarvon energy limited

Cosmo, You are correct on an energy equivalent basis. However...

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  1. 13,988 Posts.
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    Cosmo,

    You are correct on an energy equivalent basis. However gas in this location most certainly won't have an energy equivalent price, more likely close to half it, so your revenue number will likely take a 30 to 50% haircut.

    Lory,

    Of course there are still risks beyond a flow test, but different reservoirs have different risks. Watering out was an industry known risk specific to volcanics. I don't know what the risks are here but imho the flow test probably debunked some sort of industry myth that the Caley wouldn't flow?

    Gottcha,

    I hope you weren't using me as a ramping prop. I've had this stock wrong plenty of times over the past decade. Appreciate your flattery though.

    EL
 
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