CVN 0.00% 17.0¢ carnarvon energy limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

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    An extract from the report that for me gives a clue as to why Santos was hitting the pause button. The Barossa fiasco rang big alarm bells for Santos and others (WDS etc). Dutton said he would reduce funding to the government body that wasted time and money on the rubbish claim of the Tiwi Islanders. Songlines? What a farce. Good to see the judge requesting the claimants to pay Santos' not inconsiderable court costs.

    "Carnarvon was pleased Environment Plans (EPs) relating to the Scarborough and Barossa LNG projects have recently been approved, as well as EPs associated with exploration drilling by other operators. These regulatory approvals, as well as the recent dismissal by the Federal Court of a separate activist action against the proposed Barossa pipeline, bode well for oil and gas industry in Australia as a whole."
 
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