CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Phoenix South-2 Well Update, page-13

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  1. 3,486 Posts.
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    long time since I posted anything so hi to one and all.
    Obviously there will be extra costs involved ...a better high pressure type drilling equipment will be needed to drill another hole sometime. Where is that equipment.....not here.....so it will be needed to be bought in possibly from a far flung location. It won't be drilled straight away and the next drill hole on the agenda maybe postponed until the better equipment can be sourced otherwise they run the risk wasting money on another plugged and abandoned hole.
    No matter what the results show that this is a major system and the rewards will be there, but it will take some time to prove up and convince the late comers this is worth investing in and give our gamble the big bucks.
    Last edited by stag11: 24/01/17
 
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