CVN 0.00% 15.5¢ carnarvon energy limited

holding steady, page-10

  1. 744 Posts.
    I did a bit more reading last night and can confirm SRB is calculated on a concession by concession basis.

    In CVN's currently active drilling areas, there are two concessions. One is the NSE field, which accounts for over 90% of production (and therefore has a fairly high SRB tax).

    The other concession, SW-1A, incorporates Wichian Buri and Si Thep, but I'm still not 100% sure which concession Bo Rang falls into (I suspect SW-1A). If correct, success at Bo Rang (ann next week IMO) will have a massive impact on the SP.
 
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