Previously, the Company announced it had conducted a hydraulic frac in September on the WB N2 and N3 wells. The Company reports the wells were successfully fraced, re-completed and are now back on production.
"We have been pumping the wells cautiously while the reservoir performance is still cleaning up", Michael Cvetanovic said, "However, we are encouraged by the fact we are producing oil at rates higher than those prior to the frac. Quantitative results will be reported once production has stabilized over the next few weeks".
Extracted from PTE announcement to market below:-
http://biz.yahoo.com/ccn/021009/c92a0ae26314e08c51509747a7605393_1.html
- Forums
- ASX - By Stock
- CVN
- Frac looks like a success
Frac looks like a success
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $384.5M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 21.0¢ | $5.343K | 25.44K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 678583 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 877026 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 678583 | 0.210 |
16 | 764588 | 0.205 |
20 | 956145 | 0.200 |
15 | 733987 | 0.195 |
20 | 621550 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 877026 | 13 |
0.220 | 1222510 | 19 |
0.225 | 1035419 | 17 |
0.230 | 1360552 | 26 |
0.235 | 1323948 | 16 |
Last trade - 10.38am 30/05/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online