CVN 2.56% 20.0¢ carnarvon energy limited

This is by far the biggest volume day in a while. Those...

  1. 119 Posts.
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    This is by far the biggest volume day in a while. Those in-the-know selling?

    Strange to have this higher volume - down 10% on a neutral announcement.

    I just don't see the point in holding to this point, then selling out right before we get the news. Don't like it.

    14th of Dec ann:

    The operator has also proposed a contingent intermediate logging run at a depth of around 4,000 metres to de-risk data acquisition after drilling through the top reservoir of 3,750 metres in the approximate hole section equivalent to where oil was discovered in the Phoenix South-1 well. The decision to run this intermediate suite of logs will depend on hole condition and results to date.

    This ann:
    The operator has advised that it will not complete an intermediate logging run at a depth of around 4,000 metres and will complete logging once the well reaches TD (Total Depth).

    Does this mean 'nothing found at 4000 so we are going to check 4750'??
 
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