CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Trading Halt, page-29

  1. 3,591 Posts.
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    We should be cautious at this point, there is no guarantee that we have a commercial sized discovery yet and we still need to know how good it is. We are talking about frontier exploration where we would need >5TCF for commerciality of gas fields, just remember that browse gas has to be either piped to Darwin or commercialised with new floating LNG technology and we are talking two projects with >10TCF in place.

    I'm hopeful, but don't put your nest egg on it.
 
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