Carnarvon Energy to scale heights with play for Woodside’s Pyrenees & Macedon assets, page-12

wish i agree re buying when prices high, so all depends what they could get a stake for, rest seems harsh. Management has made a great exit from Thailand, got into great ground, been hamstrung by costs re Dorado getting delayed. Made some great capital raisings evern when people complained and were then proven to have timed it well. If you look at some of the management of small cap companys in general let alone oilers, this is one of the better crew IMO

Keep in mind woodside only operate 1 of the 2 currently, and would assume CVN would be making joint bid for maybe 15-20% at a guess of woodside stake and their joint bidder would take operatorship -Woodside has a 71.4 per cent interest in the Macedon field and a 62 per cent holding in Pyrenees, which it operates.