CVI 0.00% 0.3¢ cvi energy corporation limited

CityView’s technical team have concluded that the work programme...

  1. 94 Posts.
    CityView’s technical team have concluded that the work programme should be:-
    (i) Carry out 2D seismic acquisition.
    (ii) Drill one extended reach well from nearby Koo to the two discovery wells NM1X and NM2X.
    (iii) Construct a 100MW modular power plant at Koo and transmission line to connect the plant to the grid of the nearby city Douala.
    (iv) Lease a barge for the storage of the condensate.
    (v) Evaluate the other undrilled prospects in PH72.

    What would be the significance in this deatil from the report. Why go ahead with infrastructure if they are not confident on the resources there?
 
watchlist Created with Sketch. Add CVI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.