CVN 1.28% 19.8¢ carnarvon energy limited

Ann: Corporate Presentation, page-63

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    FID ready just means that all of the engineering and costing work has been complete to a level that defines project scope, schedules and expenditures at a level sufficient to allow the partners to make a decision. When they sit to actually make that decision is anyone's guess. I think they're stalling; STO wants to sell down its share, and the investment $ankers want to sell down OUR entire share, so I think "FID ready" in this context, means that the information is there ready for *someone* to make a decision. When that someone is on board and ready to make FID with whomever is left holding a share is the big unanswered question.
    Last edited by JustCroozin: 14/05/24
 
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