CVN 0.00% 16.5¢ carnarvon energy limited

Ann: Capital Raise, page-56

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  1. 3,488 Posts.
    lightbulb Created with Sketch. 856
    can someone please confirm...

    am i right in thinking that, let's say CVN spends the whole $20m in procuring long lead items and developing Buffalo further, then any farm-in partner would have to reimburse CVN $8m??

    or does it work differently regarding any money spent by CVN on the project prior to farm-in?
 
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