CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Changes to Non-Executive Directors, page-17

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  1. 475 Posts.
    lightbulb Created with Sketch. 126
    I don't think "corporate activities" extends to "drilling".
    I honestly don't think CVN will do any drilling/exploring soon. Why would they blow the money they have set aside on an exploration program when the main prize is getting Dorado and Pavo underway.
    Maybe more of a sell-down of their share, maybe news of STO selling a part (which has always been on the radar).
    But, with the known (massive) reserves sitting in Dorado/Pavo, and if oil stays high enough for long enough, somebody will move on them for sure. Capitalism at its finest !
    GLTAH
 
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