CVN 0.00% 19.5¢ carnarvon energy limited

CVN the Big Picture, page-79

  1. 6,294 Posts.
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    Well, obviously! I wasn't suggesting they are going to drill a well to test the attic and then drill two more to test the attic and make sure it hasn't suddenly vanished again!

    When I say three wells to test the attic I mean the theory that there is an attic which will provide a field size big enough for development. As with Dorado, the first well is the discovery well, the second and third will be to test the field limits for reserves calculations.

    The important point is that if the attic discovery well fails then they can walk away without having any significant financial risk exposure.
 
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