CVN 6.25% 17.0¢ carnarvon energy limited

Advance Announcement, page-9

  1. Ya
    6,809 Posts.
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    Net USD 27.5mil. (USD 30.03 mil is b4 expenses).

    Breakdown of proceeds use :

    1) 20mil subscription for equity in CVN
    2) 2.5mil additional costs, rig mob/demob
    3) 5mil working capital

    Doesn't look like they've factored in a flowtest for B-10, just drill/log/suspend??
 
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