CVN 0.00% 15.5¢ carnarvon energy limited

poe operation update available , page-4

  1. 1,138 Posts.
    So much potential.

    A current production figure would have been helpful, but production variations seem like something we have to accept.

    They have to be clever with the cement plugs and multi levels, but at least these are mostly near vertical or straight sidetrack wells.

    In such a jumbled up field a horizontal well would probably encouter just as many disjoint sections of oil / water and would be far more expensive and difficult to sectionally plug.

    Their reports can sound all over the place but the exploitation process although tricky is relatively very cheap.

    The oil just has to be there and we are in the money.

 
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