CVN 3.45% 14.0¢ carnarvon petroleum limited

poe ops report out-not bad....

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    1. No flooding problems at this point of time .That is nice to know and possibly confirms that all CVNs Thai wells are on ground that tends not to flood.
    2. NSE-F1 producing at about 1000 bopd (400 bopd to CVN) and CVNs likely exit rate for 2011 (based on POEs figures,which have to have the unshared POE wells removed)maintained at about 2000 bopd ,despite "3".
    3. Approvals for 15 S wells delayed so that S drilling wont start until 2012-its all V drilling until then and POE are quite happy with the way they are going with this drilling. In fact it seems to be going rather well,IMO.
    Despite the unpredictability of 100%-concentrated V drilling (versus a mixture of S and V,which improves the certainty factor) they are sticking with the expectation mentioned.
    With 100% V drilling (versus a mixture-and a conservative,S-biased mixture at that) the chances of kick starting the SP are improved ,with us having to trust that POEs drilling results in the near-term with the V drills matches their current confidence in the V regime.
    4. POEs SP up a tad.
    5. Phew!. Worth getting up early for,IMO.
    Lets see what CVN has to say.
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