CVN 3.13% 16.5¢ carnarvon energy limited

Ann: STO: Dorado regulatory approval, page-44

  1. 18,677 Posts.
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    My rough figures:

    189M barrels of oil (ignore gas for now).

    At Fid - its USD $10 per barrel. That equates to $1.89 billions.

    Our 20% is worth USD $378M - equating to AUD $548M plus our $100M in cash.

    Valuation of CVN should be circa AUD $650M (excluding any valuation for our gas).

    That should be more than "double" current price of 17 cents.
 
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