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3.13% 16.5¢ carnarvon energy limited

CEO Newsletter 23 Dec 2016, page-16

  1. WhiteNoise
    6,650 Posts.
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    25/12/16
    15:01
    Post #: 21555752
    Just a ball park number.

    I don't think they will side tracking PS2. To risky with the extremely high pressure gas zone.

    So a new well needs to be drilled.

    And as PS 2 was successful is it not the case that CVN will have to fund the whole 20%, not just the AUD 5.0 million but total amount ie AUD 20 million (approx)?
    CVN Price at posting: 9.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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