CVN
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2.56% 19.0¢ carnarvon energy limited

$72,200 LESS40% for minor partner$28,800~70% tax ($20,160)$8640...

  1. 9876
    354 Posts.
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    28/10/08
    23:16
    Post #: 4440888
    $72,200 LESS

    40% for minor partner
    $28,800

    ~70% tax ($20,160)

    $8640 'Profit'

    $1M to drill the well, $400k to repay - 46 weeks to break even if the well isn't shut down for testing / cleaning (which it will be)

    Still, it's money in the bank..
    CVN Price at posting: 25.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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