CVN 3.13% 16.5¢ carnarvon energy limited

Ann: Bedout Divestment Update, page-25

  1. 910 Posts.
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    They've stuffed the wording of it by the looks. 10% of Dorado in total is the divestment. Not 10% of CVN's portion. Previous announcements are better worded to describe the % break down. They have effectively offloaded as a portion of their share of JV, 50% of 2 blocks and 33% of the other 2 in the bedout. Originally they held 20% in total of 2 blocks and 30% in total of the other 2 blocks in the JV with STO. They will now own 10% and 20% respectively.
 
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