CVN 2.56% 20.0¢ carnarvon energy limited

Does anyone have any intel on what the current Capex estimate...

  1. 140 Posts.
    lightbulb Created with Sketch. 94
    Does anyone have any intel on what the current Capex estimate for the Dorado development is ? CVN appear to have about 4300 million in cash lined up assuming the divestment of 10% to CPC concludes. If they still need further cash from debt to finance their residual 10% interest this would imply a capex number for the project in excess of $3 billion whereas I seem to recall not so long ago that the number was closer to $2 Billion.
    About a year ago Mac Quarie valued CVNs exploration assets at 8 cents per share so the market appears to be currently valuing our residual interest in the Dorado project at about $70 million compared to the $220 million that CPC are paying for a slightly smaller interest.
    Given these numbers it baffles me why CVN arent doing a share buyback right now!
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.005(2.56%)
Mkt cap ! $357.8M
Open High Low Value Volume
19.5¢ 20.0¢ 19.5¢ $183.3K 924.4K

Buyers (Bids)

No. Vol. Price($)
17 1015173 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 485462 9
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.