CVN 6.25% 17.0¢ carnarvon energy limited

Unexplained Movement, page-103

  1. 19,072 Posts.
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    Currently on my holidays....and just read some of the issues mentioned.

    Just want my 2 cents.

    We should all remember that the company has gone a complete change - from focusing on Thailand to the North West Shelf.

    No doubt with hindsight, you would say our venture into Thailand was a failure.

    But our management was able maximise value before the oil price crashed.

    And was able to apply it to a greenfield project - yes, lots of risks....but it is looking like these prospects will payoff soon.

    Further, our team have also been able a gem like buffalo.

    I guess the best way to measure their ability and success is to look at current operation of our previous Thai assets - we would be on our knees - near broke.

    So which position would you prefer to be in?

    I know my preference.

    Good luck and have a festive season with your family.
 
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