CVN 5.88% 16.0¢ carnarvon energy limited

Santos spells out its plans - big on Dorado, page-208

  1. 879 Posts.
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    I disagree. The basis of my opinion, and my post, is, and has always been, that CVN has limited resources to devote to two capital hungry developments. Yes I misquoted the OPEX cost as per year, not total, and that is a ton of OPEX, but that doesn’t change the fact that Buffalo will burn cash before it produces it. CVN have chosen to apply our capital to Dorado whilst seeking a partner with the cash to pay for it before progressing Buffalo. Correct me if I am misinterpreting your position but you’re calling for them to go it alone on B10, and others seem to have this opinion too. I disagree, since we now have Dorado requiring cash and resources for the FEED, a happy situation which didn’t exist when the original Buffalo plan was laid out. If you wish to debate that point go ahead, but if you continue to call my integrity into question then I will bow out of this discussion now.
 
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