CVN 1.61% 15.8¢ carnarvon energy limited

Ann: Dorado Project Update, page-47

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  1. 6,546 Posts.
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    That’s much easier said than done in this environment.

    I believe selling Dorado or at least parts of it is an option that is being explored, so it may very well be the case that they have been trying this amongst other options, but it is difficult to find a buyer in this environment.

    I’m sure if they managed to attract a buyer paying close to fair value it would have been considered but I doubt this is the case.

    There are certainly very few lenders willing to finance transactions or developments in fossil fuels right now due to ESG concerns.

    Sitting in our armchairs it’s easy to say ‘just sell it and give me my money’. But it’s not like there are hoarded of companies and banks clamouring to make these transactions.
 
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