CVN 0.00% 19.5¢ carnarvon energy limited

claytons production wells, page-4

  1. 2,320 Posts.
    Onecler.

    If you go back and read - my comments were in relation to you judging CVN on a short term suite of wells (5 wells?). I made the point that was exaggerating their lack of ability to increase production and they deserve more time to show this. A few strong wells would rapidly turn it around - as just occured...

    http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1200708&msgno=5486573#5486573

    Even better one is on L33 with the royalty reset and the other in WB.

    Now you can call those 2 wells "getting lucky" but then on the flipside you should also call the last development wells "unlucky". Reading the report suggests there was a fair share of bad luck with many of them.

    The success rate of CVN's drilling is still very strong IMO (we are talking about oilers!).




 
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