CVN 2.94% 16.5¢ carnarvon energy limited

Ann: Thailand Asset Sale Agreement - Additional I, page-4

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  1. 13,293 Posts.
    lightbulb Created with Sketch. 1234
    re: Ann: Thailand Asset Sale Agreement - Addi... If thats the deal fair enough, especially if it means unloading 20% of our thai assets and ending up with $50m in the bank.

    Will be a massive cost saving to CVN either way you look at it and what happens further down the track with the extra $$$$ let it pan itself out.

    20% is a comfortable and manageable holding and if those production numbers come good all the better from less outlay.

    To me it's a way of extracting itself from Thailand.

 
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