CVN 0.00% 17.0¢ carnarvon energy limited

Ann: Half Year Financial Report, page-2

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  1. 1,232 Posts.
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    Nice to see CVN corporate running costs at just $1.5m for the year. Unlike many lower cap companies that suck cash out for the benefit of directors and hanger-oners CVN is a lean clean machine.

    Also the A$105m in cash in the bank can buy a lot more USD now that the exchange rate is closer to 80c. Most drilling and extraction costs are denominated in USD I believe.
    Last edited by Retired123: 26/02/21
 
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