CVN 0.00% 15.5¢ carnarvon energy limited

Ann: Annual General Meeting Presentation 2019, page-49

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    The Aussie petroleum company said the proceeds from the offers will fund a number of important projects for the group which includes the following:

    1. Ongoing appraisal of the company’s Dorado discovery, including 3D seismic and well costs
    2. Front End Engineering Design (FEED) studies for the initial Dorado development
    3. Contribution towards the equity component of the initial Dorado development
    4. General corporate purposes, working capital requirements and contingencies, including costs to progress the company’s other projects.
 
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