CVN 3.13% 16.5¢ carnarvon energy limited

Absolutely no surprises.....What a great platform for the SP to...

  1. 2,163 Posts.
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    Absolutely no surprises.....What a great platform for the SP to rebound from,to reflect the likely big improvement in production levels (5947 bopd average last year). 11,000 bopd is going to change a lot of things,methinks. It looks like the 2nd well at WB should have been completed for some time by now so well no.3 (from the same pad) should now be in progress,if not getting towards completion...Incidentally there was one CVN ann. that I just didnt read carefully enough- well No.2 IS having a crack at a volcanic target and its only 525 metres North of well no.1 - CVN talked about" a "volcanic target for well no.1,but now talks about "THE" volcanic target for well no. 2,which you could guess might be the same compartment (because of its closeness).If that is the case its not drawing too long a bow to suggest the chances of a second volcanic hit are quite high. The Annual Report is already old hat for me-its the drilling programme that is grabbing the attention...
 
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