CVN 6.25% 17.0¢ carnarvon energy limited

Ann: Quarterly Report December 2017, page-30

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  1. 19,072 Posts.
    lightbulb Created with Sketch. 2666
    We will easily hit 15 cents when CVN signs a JV partner for Buffalo.

    That will crystalize value for all of us.

    I expect Buffalo to add at least 10 cents to our SP.

    Note, our costings for Buffalo (atm) is around USD $20 a barrel - ie for both development and production costs - however you want to look at it, its a huge profit margin for us under the current price of oil environment.

    JMHO.
 
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