CVN 0.00% 16.5¢ carnarvon energy limited

Looks like Santos has CPC involved, page-17

  1. 1,232 Posts.
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    And there you have it. No FID for Dorado/Pavo until Barossa FID finalised. KG has previously expressed concern over Oil and Gas development in OZ. The court decision on Barossa blindsided everyone so he is very concerned about getting Barossa over the line first. I get that. As I recall the proposed Barossa pipeline was under the sea and nowhere near the relevant islands who claimed they had not been consulted sufficiently.

    KG's previous comment on having a "balanced portfolio" is still ringing in my ears. Pikka in Canada got the nod even though extraction costs were high. If Barossa gets delayed again for no substantial reason it wouldn't be a surprise to see STO sell out of of Dorado etc and move oil and gas operation overseas where the business environment is more user friendly. And we have the government and Greens banging on about climate change. O&G will be needed for a while. New developments required.
    Last edited by Retired123: 24/08/23
 
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