CVN 0.00% 16.0¢ carnarvon energy limited

It’s far more complicated then just drilling a well and hooking...

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    It’s far more complicated then just drilling a well and hooking it up. Exploration wells aren’t necessarily drilled as production wells, there will need to be a platform, subsea pipelines and not to mention a flow test to determine productivity of the reservoir. All up it’s usually a 5 year wait till production and obviously a few appraisals. Also note any development would need to be determined if it’s destined for domestic gas or back fill for an LNG venture.
 
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