CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Company Insight - MD on Production Update & , page-2

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  1. 661 Posts.
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    re: Ann: Company Insight - MD on Production U... Not really the level of encouragement that I hoped for. Certainly no further details on production figures. I don't know why they do not just come clean with these. There a lot of talk about the cash position but no mention of any payment expected this month repaying expenses from the Pheonix farmout. There was no update at all on the situation of the volcanic or sandstone development timetable to completion, and this is now almost 2 months after the end of 2012 deadline.

    While it is nice to be reassured on how confident they are, based on the information from their operator, the price action confirms this is not the information the market needs. I really miss the company that used to be so forthcoming with information and details on each operation, almost to where they gave more updates than I actually wanted to read.
 
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