CVN 0.00% 16.0¢ carnarvon energy limited

Not often (almost never) have I read such positive stuff in a...

  1. 239 Posts.
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    Not often (almost never) have I read such positive stuff in a wireline log result and absolutely no negatives ( were looking for some add-ons to make the region commercial but seemingly have a stand alone Dorado now with lovely bolt-ons of Roc/Phoenix)

    Huge net pay of 80 mtrs
    ‘highly porous (20%) and permeable sands’ or excellent reservoir (was ‘rapid extraction of oil samples’) = potential high flow rates
    No water contact reached yet so upside still
    Beautiful 49.6 API light oil
    We have Baxter hydrocarbons (never been mentioned previously)
    Although uncommercial there’s hydrocarbons in Hove = every zone has hydrocarbons
    Upside possibility (huge) from Crespin and Milne still to come
    PS3 still to come (which is the certainty I was betting on to make this whole place commercial and so get a few cents SP lift)
    The whole region is now being re-rated by the big fish (T/O with longer timeframe in mind) The Caley in the whole region should be restudied on the seismic maybe
    ASX200/300 rerating probable
    Revised volume estimate to come (upward obviously)
    Quadrant frothing (and therefore committed – no stranding this resource) – he was almost wetting himself with his language !
    Media yet to fully expose this fully
    Lumbering institutions still going through slo-mo discussions before deciding to launch
    Buffalo in the back pocket (plus Labyrinth etc) and cash

    Probably more to add to this if anyone wants to
 
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