CVN 3.03% 16.0¢ carnarvon energy limited

Ann: Investor Presentation, page-24

  1. 13,293 Posts.
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    Thanks guys for your input and reporting.
    Interesting CVN mention farming out a percentage of Buffalo after the first appraisal to bolster their bank balance (take note feathers) which is the prudent way to go.
    If the Buffalo concept proves correct it will monetize the project to our benefit and need less debt to finance much larger projects.
    The story just gets better and better and after a couple of appraisals and a bit of 3D over these 2D prospects the story will be even more clearer.
    While STO wait for the transaction to bed itself CVN are getting on with it for them.
 
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