CVN 0.00% 20.0¢ carnarvon energy limited

Ann: Trading Halt, page-118

  1. 271 Posts.
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    I wouldn’t hazard a guess definitely either way at this stage, as we have been surprised before to the upside and downside in the area. However the indicators and expectations to date IMO makes me cautiously optimistic.

    Interesting how the volumetrics for D2 were due about now, but haven’t been released. The current RS-3 drill results could provide more clarity for volumetrics at D2, especially if the sands are linked.

    If we have hit hydrocarbons in the Baxter that show a linkage all the way from D1 to RS-1, then the volumetrics could be very large indeed. Note the image from STO below (from announcement on 6/6/2019). Condensate rich gas (predominantly) is likely, but that is IMO only.

    We should have some clarity by Monday.

    GLTAH

    https://hotcopper.com.au/data/attachments/1624/1624693-57d13749f94c43bfc7fa59d7115110f6.jpg
 
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