Its now become a situation where you can put reasonable figures on the table to explain where we have been over the last 5.25 years since June 07 (when the first real V success took place ) and where we are at. Also to get a feel about the likely rate of forward progress from here ,based on the cash demanded of CVN under the ECO "proposals".
I reckon that since the first worthwhile V hit in June 07 the partners have drilled about 200 V wells,including sidetracks and allowing for 2 rigs being in action for 18 months at one stage.
Applying a reasonably high success rate of 70% to 200 produces a tally of 140 initially - successful V wells.
Now coming at the 140 result from a different angle we can use CVNs statement that there are OVER 100 V wells that have been closed in but are considered resurrectable (this excludes the ALRO wells) and assume some downward fudging of the real number of shut-in wells (wouldnt you be inclined to fudge a figure like 120 down to 100 in CVNs present situation?).
So 20 is my best guestimate of the number of producing V wells right now.
20 V wells at an average of 25 bopd to CVN is 500 bopd.
Now allow for the old S wells- say 15 at an average of 20 bopd to CVN and you have your 800 bopd to CVN after the ALRO wells come on stream again.
- Forums
- ASX - By Stock
- capital raising
Its now become a situation where you can put reasonable figures...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
|
|||||
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $250.4M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $229.2K | 1.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2211648 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 837758 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2191648 | 0.140 |
3 | 462000 | 0.135 |
5 | 567300 | 0.130 |
1 | 257502 | 0.125 |
3 | 400154 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 837758 | 6 |
0.150 | 306471 | 10 |
0.155 | 638157 | 14 |
0.160 | 1150434 | 18 |
0.165 | 225510 | 6 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |