re:drilling report, page-4

The number of wells and the different layers of stone can be pretty confusing for those of us new to oil stocks. I put this table together so I could follow what they are talking about hope some others get some clarity around the possible scope for production from this company which has not been tested so far as I can see, its all upside.

Drilling F Stone G Stone H Stone

POE 1 O (dificulty, rig to return later)
POE 2 X P 40 ?
POE 3 X P P T
POE 5 X P P T
POE 6 X T 45 ?
POE7 O ? ? ?
POE8 X P P P
POE 9 W ? ? ?
Production 0 85 0

100 barrels @ 20USD profit = CVN share of 40% $292KUSD per annum clear for CVN

P = Perferation pending awaiting flow testing
T = Flow rate testing in progress
O = Drill rig operating
W = Work not yet commenced
X= Drilling complete
?= Not mentioned in releases.


Phase 2 has 22 more wells to evaluate.

Well done to the management team on the reporting it is fantastic in quantity and detail. But please give us a chart for dummies.