CVN 2.56% 19.0¢ carnarvon energy limited

good news in poes q report just out, page-2

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    lightbulb Created with Sketch. 105
    Correction - "L44" above should read "L33".
    POE say that "any success in the initial infill programme will immediately be followed up by a second,larger program". They also say ( also under the "WB" heading) "drilling is currently focussed on the development of conventional sandstone reservoirs in L44 in order to establish a stable platform from which development of the main volcanic reservoirs will be launched in conjunction with further exploration drilling that will target 75%V and 25% S reservoirs"
    Comment- do they mean they will be going for both each time they drill at Wbext ? and WB?( no attempt made by me to try to sort out the 75: 25 ratio). I suspect that there are so many worthwhile tagets at WBext,now accelerated by bringing WB back onto the table, such that in the near term at least they will go for the "best" targets,that must surely be drills that can go for both regimes. The tone of POEs statements suggests strongly that in no way are they giving up on the volcanics,just shifting the emphasis towards the sandstone regime in order to achieve stability (production stability,financial stability, bankability).Success in the volcanics will be a bonus,and we should get some bonuses,methinks.
    Thirdly L44. No reference in POEs report. I choose to mention it because my "triplets" wish is slowly coming to pass(see below).
    Overall comments.
 
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