Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to provide shareholders with an update on operations in the L33/43, L44/43 and SW1A concessions onshore Thailand (Carnarvon has a 40% equity interest) covering:-
1. Continued success in trials of the Inflow Control Devices;
2. WBEXT sandstone development program expected to commence in February 2012;
3. December 2011 quarter production averaged 954 bopd net to Carnarvon; and
4. Current production rates are ~1,150 bopd net to Carnarvon.
Technology continued success
The joint venture is continuing the trials of the Inflow Control Devices (ICD) as outlined in the previous operations update of 25 November 2011.
To date ICD’s have been installed in a total of four wells, with each well producing in excess of preICD rates.
1. Continued success in trials of the Inflow Control Devices;
2. WBEXT sandstone development program expected to commence in February 2012;
3. December 2011 quarter production averaged 954 bopd net to Carnarvon; and
4. Current production rates are ~1,150 bopd net to Carnarvon.
Technology continued success
The joint venture is continuing the trials of the Inflow Control Devices (ICD) as outlined in the previous operations update of 25 November 2011.
To date ICD’s have been installed in a total of four wells, with each well producing in excess of preICD rates.
