CVN 3.23% 15.0¢ carnarvon energy limited

Advance Announcement, page-99

  1. 1,338 Posts.
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    I don’t know, but CVN have set the bar based on the last employee SPP, which saw options for $0.69cps. Since then, the main thing that has changed is:

    (a) Buffalo partner (50% equity lost); and
    (b) Santos wanting to offload 20-30% of Dorado.

    Everything else, FEED, drilling announcements, etc. are all noise. I think the risk profile for CVN is improving, and makes a $0.69cps valuation more likely. If CVN is successful with Apus and Pavo, then all bets are off abd $1cps+ might be on the cards.

    just my opinion, long term holder/believer
 
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15.0¢ 160943 2
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