CVN 2.50% 19.5¢ carnarvon energy limited

$$$ new reserves $$$

  1. 1,090 Posts.
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    Looking to be a great end to the year with this part of the ANN looking to bring the price higher over the next few day

    A third party NI51-101 compliant contingent and prospective resource assessment is currently being conducted by an independent third party in support of the final results of this resource estimate are anticipated within the next 3 to 5 days and will be announced upon receipt.

    It is expected that the majority of the contingent resources estimated in this third party report will be classified as Reserves (new)
    Granting of a production license by the Government of Thailand is expected at or prior to year end 2009.

    Drilling one well at the high impact Si Thep deep prospect in Concession L44 (60% owned and operated) by year end 2009.

    Environmental impact assessments will be submitted to the Government of Thailand on September 25, 2009 for nineteen surface pad locations from which multiple wells will be drilled from each over the L44-W (in both the L44 and L33 concessions), Bo Rang "A", Bo Rang "B" and NSE-F1 discoveries

    Just smell that oil wouldnt a third rig be great.$$$
 
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20.0¢ 510753 14
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