POE have been trading for 1 1/4 hours and up 13.7%
If this announcement does not cause a re rating for CVN then from the POE announcement there is also:
L44G-D1 encountered multiple potential volcanic reservoirs at 736-755, 771-804, 836-850, 867-896 and 955-1,136 meters MD. These intervals are in addition to the approximately 80 meter thick volcanic zone encountered in the first logging run prior to setting intermediate casing. Lost circulation (an indicator of good reservoir development) of 17 bbls/hr was encountered at 867 meters MD and 53 bbls/hr at 1,112 meters MD. Numerous oil shows and high mud gas readings were observed throughout the entire well.
Multiple tests of multiple zones in both L44G-D1 and L44-G are expected to commence shortly with results anticipated within 21 days.
What a great time to be a holder of CVN! It looks like one boomer of a well and two more going onto test shortly from the same formation.
Cheers
Jami
POE have been trading for 1 1/4 hours and up 13.7%If this...
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.3¢ | 19.5¢ | $194.1K | 985.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 903500 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 427080 | 5 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |