CVN 1.61% 31.5¢ carnarvon petroleum limited

Risk too High Others less Risk

  1. 6,951 Posts.
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    How risky, these guys must have used the wrong drills as the latest drills are better. But the message could be why did they use thin drills at all and then why spend mone fracking the thin wells.
    Water Drilling in thin holes , what is the point of that when the oil does not come out good enough.You Oil experts should know for sure .
    Do these guys know what they are doing ?
    There are only certain circumstances when Tight holes are the best and that is not drilling holes for oil as far as I can see .
    The real excitement also seems to have gone , the share price may be propped up for a while so as to let those whow were slow to sell to get out so 'Easers' may be encouraged .
    Am looking for another Oiler .
    Best wishes
    B2
 
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