CVN 0.00% 17.0¢ carnarvon energy limited

Question for Ya, page-2

  1. Ya
    6,809 Posts.
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    The first 2 wells should b quicker based on a trouble-free basis (ie no mechanical issue or weather evac's) whilst the last one will take time esp. with flow testing & coring. So roughly ballpark 60-70 days/well & wrap up the 3 well drilling program by October end-Wk1 or 2 in Nov & release the rig for tow to Offshore Victoria.

    D#3 will b cracker once they drill past 3700m depth or after setting the 9" casing, as it sort of twins D#1 discovery well at the crest & by my estimates its in the top 5 wells offshore in Oz with a high net to gross (79.6m net) oilpay in Oz (rest were at the Lam/Cor oilfield in the mid-90's & that field has flowed over 210 mmbbls since Nov'99). Not sure how they'll approach the testing at D3 as logic suggests atleast perforate 2 zones at the top & bottom and then do a co-mingled cleanup. Oil quality is same as Wanaea-Cossack, 48-49 API just needs a BOPD estimate north of 4k.
    Do keep an eye on Mtrffc for any vessel movement after wk3 or 4. Hope this helps.
 
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