CVN 0.00% 16.0¢ carnarvon energy limited

No need for hype in reports with this many wells in production...

  1. 268 Posts.
    No need for hype in reports with this many wells in production and a lot of drilling done. The most interesting is that this strike is restricted at high pressure and in a new shallower zone which all means shareholders can expect a very interesting upgrade to total reserves.

    The other interesting tit bit is that the geology from the hole logging indicates that this new shallower zone could extend up to 7kms to Bo Rang. The drilling has been trying to tie in the whole north end, so this "new strike" may help fill in the missing blanks. I must admit I thought they may have given up finding a new "oil carrying zone" due to quite a few earlier dusters. This new zone will really give them some new targets.
 
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