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3.13% 16.5¢ carnarvon energy limited

Ann: Buffalo Drilling Update, page-43

  1. JustCroozin
    877 Posts.
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    23/12/21
    10:14
    Post #: 58479587
    Wasn’t just the price of oil that lead to the P&A. Produced water was a problem, and the FPSO had maxed out its ability to process it, meaning additional investment would be required. The POO, low production rate and required CAPEX resulted in the field being decommissioned less than 5 years after first oil.
    CVN Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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