CVN 0.00% 20.0¢ carnarvon energy limited

Ann: Buffalo Project Update, page-15

  1. 146 Posts.
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    No way CVN carries this through to development at 100% equity. My understanding is that in the oil/gas game, its about spreading & managing risk.

    If CVN put all its eggs in this basket (which would be a huge financial investment burden for a $100mil company) and then some of any number of assumptions fail to materialize in terms of delivering a return on that investment, it's eggs are cooked.

    Farm out coming for sure.

    All imho. DYOR
    Last edited by coopernic: 20/02/18
 
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