CVN 0.00% 20.5¢ carnarvon energy limited

Once again there seem to be both misdirected posts---ie ROC2 has...

  1. 602 Posts.
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    Once again there seem to be both misdirected posts---ie ROC2 has nothing to do with Putin,----- and panic driven selling.

    CVN can only ASX report what is reported to them by the JV partner and in this case operator Quadrant.

    On October 4th this was the essence of the last report:
    ----------------------------------------

    Forward Plan
    Once the well bore has been cleaned, a process expected to take several days, a Drill Stem Test ("DST") string will be run in the hole which will enable the flow testing of the Roc-2 well across the Caley formation that was gas-condensate charged based on wireline interpretation.

    Due to the complexity of these downhole tools, it may take over a week to install the DST in place.

    The well will then be perforated and the well will be opened for a controlled flow test over a period of about a week. The flow tests will enable the measurement of pressure, permeability and flow capacity of the Caley formation.

    The Company expects to be in a position to report on the well testing results in around two weeks.
    --------------------------------------------

    That seems crystal clear, so why the selling,----- just wait for the ASX announcement.

    Much the same comments apply to Outtrim.

    2016 Q 3 report has to be out by Monday 30th October, cannot imagine that ROC2 will remain unfinished by that date, so just relax and stop trying to second guess outcomes.
 
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