CVN 0.00% 16.5¢ carnarvon energy limited

Ann: Drilling Rig at Pavo-1 Well Site, page-29

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  1. 1,917 Posts.
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    I know it's sensitive however it was a risk based decision by Advance, they knew the risks and unfortunately the Company suffered badly and with the past track record it was not a good look thus resignation of their CEO. CVN was the smart one here because they transferred all the risk to Advance which Advance willingly accepted. Consequences for decisions - it was a high stakes game with high risk/reward and it didn't pay off. As CVN shareholders we are very lucky they found Advance to take on the risk. That's business.
    Last edited by tropic: 10/02/22
 
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