CVN 5.88% 16.0¢ carnarvon energy limited

Ann: Outtrim East-1 Drilling Commences-CVN.AX, page-4

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  1. 747 Posts.
    lightbulb Created with Sketch. 115
    So imho, news flow in next 25 days should include one or more of the following:

    There are oil shows in either or both of the Mardi Greensands and Birdrong Sandstone (with payzone figures), or not,
    The Pyrenees formation has oil shows at the location (with payzone figures) , or not,
    Its a complete duster.

    Hopefully not the last one. Then a wait of a few months for volumes assessment. Not a problem as we'll have the more important Roc 2 to hold our interest. Can't help feeling just a tad excited by the anticipation of a good result though.
 
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