CVN 2.94% 16.5¢ carnarvon energy limited

Ann: Quarterly Activities Report and Appendix 5B, page-11

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    Cash flow statement is revealing. $31.3m spent in last 9 months on exploration and evaluation with cash reserves now $77m. That seems a lot given each well (Pavo and Apus) would cost say USD20m or AUD 27m. CVN share of total (say 22.5%) is AUD12m. That leaves $19m for other E&E. What's missing?
    Last edited by Retired123: 26/04/22
 
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