Coming home late I've only just seen it, a disappointment for me.
All the talk of big production from the main zone at L44H-D2 (which I was always cautious on) was just talk, and they didn't mention the poor cement job before or that they had the oil/water contact 80m into the zone (maybe they didn't know until the test). imo Hartley's show they have less idea than I do with their comments on the expected production from L44H-D2, and also missing the fact that the hole would have to be cased through the main zone to allow for testing/production from the lower zones. As POE point out and long termers know going open hole has worked best so far.
It's not that bad but I was hoping they would at least get something from under the main zone and that the horizontal at NS5-D1ST would get a higher flow rate than NS5-D1. I still wasn't sure they would test the main zone at L44H-D2 if one of the lower zones flowed say >1,000 bopd.
You can also see how careful they are when talking about water, this would be my #1 concern with CVN that for example one or more of the wells start watering out which is common with volcanics.
Maybe just a case of drilling some sub-optimal locations while waiting, and there might be something from the high risk L33-3.
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carnarvon energy limited
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $205.7M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $83.47K | 735.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1092862 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 349785 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1092862 | 0.110 |
34 | 4021398 | 0.105 |
53 | 3476481 | 0.100 |
2 | 59595 | 0.099 |
2 | 10201 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 349785 | 4 |
0.120 | 633868 | 4 |
0.125 | 454046 | 10 |
0.130 | 135718 | 6 |
0.135 | 67002 | 3 |
Last trade - 16.10pm 09/07/2025 (20 minute delay) ? |
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