CVN 2.50% 19.5¢ carnarvon energy limited

No doubt what you're saying is true Mayhem, the SP plummets if...

  1. 238 Posts.
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    No doubt what you're saying is true Mayhem, the SP plummets if D3 fails completely (well half true - as said above, there's plenty more to CVN besides cash and Dorado and Dorado doesn't become worth nothing if there's a hiccup in D3)
    Nothing is certain in O and G but we know Dorado
    - has excellent porosity
    - has excellent permeability
    - has inferred better reservoir than Roc which gushed
    - haven't been given pressure readings but they would've been part of the independent volume estimates so assuming they're up to scratch

    Haven't forgotten one paragraph I loved in the guts of the 18/7/18, D1 discovery announcement (a non-descript line which nobody has ever really bought up because we were all transfixed on the other flashing light stuff) :

    The high quality of the reservoir was further reinforced by the rapid time taken to extract the oil samplesand the high mobility recorded while undertaking formation testing.


 
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