CVN 1.43% 34.5¢ carnarvon petroleum limited

Fraccing- Question for Pros

  1. 356 Posts.
    Re Carnarvon Pet's Thailand operations. Can any experienced oiler comment on how long it normally would be expected to take for a well to flow-stabilise after fraccing and for possible flow improvements to become recognisable?
    The N2 and N3 Wichian Buti wells were considered "flawlessly" fracced on 16 Sept. using 295 barrels of diesel based fluid + 36,000 lbs of 120 mesh sand at up to 8 lbs /gall at a surface pressure of 2,500 PSI.
    The market has been awaiting these results and it seems to think no news is bad news.
    Any helpful comments?
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
34.5¢
Change
-0.005(1.43%)
Mkt cap ! $546.8M
Open High Low Value Volume
34.5¢ 34.5¢ 34.5¢ $190.2K 551.4K

Buyers (Bids)

No. Vol. Price($)
9 84097 34.5¢
 

Sellers (Offers)

Price($) Vol. No.
35.0¢ 291519 10
View Market Depth
Last trade - 10.35am 20/11/2019 (20 minute delay) ?
(live)
Last
35.0¢
  Change
-0.005 ( 0.20 %)
Open High Low Volume
34.5¢ 35.0¢ 34.5¢ 65139
Last updated 10.55am 20/11/2019 (live) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.