CVN 10.8% 16.5¢ carnarvon energy limited

You need to tear that envelope up, like EL says you've just...

  1. 743 Posts.
    You need to tear that envelope up, like EL says you've just calculated they have 200 million barrels of rock.

    Unlike the previous discovery they didn't claim an area of closure or let us know how far below the top of the structure NSE-H3 is. Additionally I'm not sure we have any production history from this style of zone so it's too soon to start talking millions and millions of barrels.

    The main point is we now have 2 new discoveries over an unknown area which aren't included in any form in previous reserve statements.
 
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