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Phoenix South-1 Well Update
20 August 2014
Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) is pleased to advise that the Phoenix South-1 well has completed drilling to a depth of 4,595 metres measured depth ("MD") after encountering the Locker shale.
A further two minor sands were encountered during the additional 55m of drilling. While quantitative analysis has not been undertaken on these two 10m sands, preliminary indications from the real-time logging data are that these are both hydrocarbon bearing.
Currently the rig is undertaking activities to leave the well in a safe condition, and it is anticipated that the rig will leave location by the end of this month. The cost estimate for the well to completion, including additional drilling, is within the previous guidance of approximately A$6 million net to Carnarvon.
The equity interest holders in WA-435-P are:
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Carnarvon Petroleum
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20%
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Apache Energy (Operator)
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40%
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JX Nippon
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20%
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Finder Exploration
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20%
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For all enquiries please contact:
Shareholder Enquiries Media Enquires
Mr Thomson Naude Mr Tony Dawe
Company Secretary Professional Public Relations
Phone: (08) 9321 2665 (08) 9388 0944 / 0405 989 743
Email: [email protected] [email protected]
Yours faithfully
Adrian Cook Managing Director Carnarvon Petroleum
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Carnarvon Petroleum Ltd.
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CODE : CVN.AX |
ISIN : AU000000CVN8 |
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Carnarvon Petroleum est une société basée en Australie. Carnarvon Petroleum est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 194,1 millions AU$ (127,6 millions US$, 119,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 21 juin 2013 à 0,04 AU$, et son plus haut niveau récent le 10 août 2018 à 0,70 AU$. Carnarvon Petroleum possède 1 021 340 032 actions en circulation. |