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Right right right. WA govt could chip in. Why? Employment...

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robertchark

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104

18/10/18

00:56

Post #: 36165297
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Originally posted by Dianna ↑

Originally posted by 105
Despite being bullish I can’t see how they’ll go it alone. Firstly don’t really have the expertise. If you need expertise, someone who has that and is prepared to have skin in the game would be the ideal partner. I suspect there’ll be more detail following the signing of the PSC which can’t come soon enough. The last CR was done in the name of furthering this development so makes little sense they’d put the cap out again so soon and who is going to lend CVN all that cash at this stage? Maybe once the “appraisal well” has been drilled and proven up, prospective partners will be lining up and paying a good price for a share in a significantly de-risked project.

I’ve no doubt it’ll work out fine either way though and we should be happy this shrewd investment was made in this field and has been developed to this point.
CVN have earnt being in the respectable position of having so many good options from here.

Agreeable or not, Euroz & others confirm predictable & usual, corporate activity behaviour when a junior Oil explorer has the success Carnarvon have achieved in the Bedout permits. Apart from what CVN have to offer for their Bedout assets, a share of the 80% Quadrant/Santos Bedout assets could be included in a deal... This is just one of so many scenario's/possibilities, and do understand that most contributors here would not want that, but if that scenario did play out, there would b oodles of spare cash to pursue/fast track their other portfolio assets.

If we accept an unsuccessful take over attempt between now & then, I suspect Carnarvon will have a number of financing options, potentially after Dorado's & Roc South follow up wells. Who's telling what the company valuation will be at that time for which debt or equity would both be viable commercial options, especially as Buffalo would be closing in. At current oil prices, Buffalo could be free carry in no time.

All of this and more to be played out in less than 12 months from now...

DYOR.

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Right right right. WA govt could chip in. Why? Employment employment employment & revenue revenue revenue, imo.

CVN Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
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Right right right. WA govt could chip in. Why? Employment...

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Right right right. WA govt could chip in. Why? Employment...

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The Calmer Co’s Anthony Noble reflects on record breaking FY24

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