CVN 2.86% 17.0¢ carnarvon energy limited

Ann: Roc-1 well update, page-45

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  1. 3,790 Posts.
    In english the announcement said.....

    The well will be plugged and abandand.
    This is normal practice for an exploration well.
    Unfortunated we did not find commercial amounts of oil or gas but we need to be positive so we will use some spin and say how great it was to find 10meters of gas and condensate and push the found hydrocarbons line and we got lots of information...crap.......

    Clearly this is not the result needed.............
    Back to the drawing board for another 12mths........its still good ......we found an oil fairway a new oil provence we are gunna be rich......such hollow words today........
    Remember the results of PS1..........great....

    Today it all went to shite.......
    At least we have our health...
    Dyor
    Last edited by saltocan: 04/01/16
 
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