Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to advise that the Phoenix South-1 well has completed drilling to a depth of 4,595 metres measured depth (“MD”) after encountering the Locker shale.
A further two minor sands were encountered during the additional 55m of drilling. While quantitative analysis has not been undertaken on these two 10m sands, preliminary indications from the real-time logging data are that these are both hydrocarbon bearing.
Currently the rig is undertaking activities to leave the well in a safe condition, and it is anticipated that the rig will leave location by the end of this month. The cost estimate for the well to completion, including additional drilling, is within the previous guidance of approximately A$6 million net to Carnarvon.
I'm loving the CVN management. Absolute professionals. Glad I recently bought in
- Forums
- ASX - By Stock
- Ann: Phoenix South-1 Well Update
Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased...
-
- There are more pages in this discussion • 152 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $30.94K | 201.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 606822 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 2106300 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 506822 | 0.150 |
19 | 472616 | 0.145 |
4 | 2400714 | 0.140 |
4 | 462005 | 0.135 |
7 | 522023 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 2106300 | 11 |
0.160 | 332350 | 9 |
0.165 | 320500 | 5 |
0.170 | 1465930 | 14 |
0.175 | 410574 | 10 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |