CVN 2.94% 16.5¢ carnarvon energy limited

Ann: Corporate Presentation - Biofuturing Conference, page-4

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  1. 2ic
    5,923 Posts.
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    Slippage, you sound surprised, I'd be surprised if there wasn't in this market. Besides, Dec 31st is still technically 2nd Half 2022.

    Question if anyone knows how these petroleum JV's work. I'm assuming STO drives JV development decisions and FID timing etc. Does STO control FID timing where CVN either finds their share of cash or is automatically diluted down according to some JV formula, or does Santos have to wait for CVN to get it's funding ready before JV approves FID (ie CVN as junior JV partner still has enough say in JV to hold things up until they're ready)?
 
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