Quote from the shareholder newsletter sent out today: "As part of the funding process, Carnarvon is undertaking a formal process to potentially divest a portion of its share of the Dorado project and associated exploration acreage prior to taking FID. This process is
ongoing, and the company will provide shareholders with an update if a binding agreement is reached."
I'm starting to wonder if it's all worth it or is CVN should just sell the Dorado project in its entirety and do what they do best: find more oil & gas.
Ann: Financial Report to Shareholders, page-8
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Mkt cap ! $295.1M | |||
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