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Outcomes from the extremely anticipated Buffalo-10 nicely drilled by Carnarvon Vitality (ASX:CVN) and Advance Vitality (LON:ADV) offshore East Timor have disenchanted. Drilling on the redevelopment undertaking was focusing on a possible oil bonanza, which now appears unlikely.
From a technical perspective the outcomes of the Buffalo-10 probe disenchanted. “The three way partnership will decide on the best way ahead. However it’s honest to say that for Carnarvon, given the opposite tasks that we now have, with Dorado and the upcoming drilling of Apus, that is most likely the tip of the (Buffalo) undertaking for us.
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