CVN 3.13% 16.5¢ carnarvon energy limited

Excuse my ignorance but what does this suggest :Drilling mud...

  1. 13 Posts.
    Excuse my ignorance but what does this suggest :

    Drilling mud losses (barrels/hour)

    NS8-D1: 9-102
    NS2-D1: 120-300

    Obviously mud losses way higher for NS2-D1. Are higher mud losses usually a sign of more oil?

    I bought this stock on technical indicators alone when it hit 28c a few weeks back and have been holding since then.
 
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