CVN 6.45% 16.5¢ carnarvon energy limited

good news week, page-4

  1. 1,039 Posts.
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    Nice little summary of expectations there, thanks nutcracker. I have to agree with you, as I can see $1 share price very clearly and the $2 close behind. The bit from the last announcement that excited me particularly was

    "Construction is currently underway on location NSE9-G,
    located at the crest of the NSE central fault compartment where up to three horizontal wells are anticipated to be drilled from the same surface location, commencing in approximately 5 weeks. With the approval of the NSE development location in hand, production is anticipated
    to ramp up significantly over the coming three to six months."

    If these wells produce at a similar rate to L44H-D they could add another 10k-12kbopd to present production. Big IF but very possible
 
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