CVN 3.33% 14.5¢ carnarvon energy limited

71 million cash in the bank, page-37

  1. 1,138 Posts.
    In the report -

    "The cash balance includes cash
    required to meet the anticipated remaining liabilities for the 2008 Petroleum Income Tax and the
    SRB, which will not be finalised until the December 2008 Reserves Statement has been
    completed."

    So we await the reserves with anticipation. It is written in but a little misleading to count the cash without emphasising the tax yet to be paid.
 
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