CVN 0.00% 19.5¢ carnarvon energy limited

Ann: Roc-1 well update, page-11

  1. 18,612 Posts.
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    Also bear in mind that the additional 55 metres drilled at Phoenix South 1, before they hit Locker Shale.

    They found:

    "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. "

    20th August 2014 press release.

    So its worth to drill a bit more....IMHO.
 
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