CVN 3.03% 17.0¢ carnarvon energy limited

Ann: Roc South-1 Drilling Update, page-50

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  1. 19,072 Posts.
    lightbulb Created with Sketch. 2666
    We should know by Thursday or Friday whether there is any high pressure gas reading in the Crespin and Milne sands.

    If so, they will run the wireline logs.

    If not, they will P&A and move onto Dorado 3.

    One should note, ROC S is a small trap; similar in size to our Buffalo. It was only going to add some 75M BOE - our 20% share would have been some 15M BOE: not much in the whole scheme of things.

    But the market will do what it does: overreact from one side to the other.

    Any way, good luck with Crespin and Milne.
 
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