Just got a replied email from CVN. They are in the process of...

Just got a replied email from CVN.

They are in the process of completing technical work on re-mapping the area to determine volumes in the region. The outcome of this work will determine any effect on potential development costs.

Below is my personal opinion (Not CVN opinion)

The good thing is we have NET 30 metres, from a Gross of 60 metres.

Porosities for 9% (good for gas) and permeability of 100 to 350mD.

Looking at the Map of the ROC structure (Good Oil conference), ROC1 is West of ROC2.

Lets remember ROC1 lies at the "EDGE" of the Structure and ROC2 is the CREST (the middle).

Thus far, it looks like to the West between ROC2 to ROC1, there might have been faulting to the West of the structure.

But if you look at the Map, ROC2 goes North and South - if there is NO Faulting to the North and South, then we should capture most of the gas and condensate (refer to Good Oil Conference Map).

And also to the South is where we connect to Dorado.