CVN 0.00% 16.0¢ carnarvon energy limited

Mouth watering..., page-78

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    G: Wasn't at the open day and am using 90 days as the total drilling period for PS3 which if it spuds this weekend means the well should be off station early July, results have to be analysed etc etc, and that is assuming we have no breakdown delays--- weather events etc.

    Ensco 107 is not yet being mentioned in dispatches, haven't seen a drilling programme which goes according to plan so stand to be pleasantly surprised if the operator is in the position described, if all does go according to plan, and no firm production plan has been even hinted by the current JV whilst the SP goes up with buying volume, hanging on the bitter end will require nerves of steel, still think corporate activity could occur at any time in the next 6 months since the menu on offer is just too juicy to be resisted, however we shall see what unfolds.
 
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