CVN 0.00% 19.5¢ carnarvon energy limited

Ann: Shareholder Update, page-12

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    Not Dorado. STO was referring to other projects.

    1. Capital investments in relation to their production (without impacting production guidance)

    Forecast capital expenditure in the base business in 2020 has been reduced by $200 million
    whilst maintaining production and safe operations. Discretionary expenditure and exploration
    programs have been deferred where appropriate. The reductions in expenditure in the base
    business are not expected to impact 2020 production guidance

    2. Capital investments in relation to Barossa and PNG LNG

    Forecast major growth capital expenditure has been reduced by $350 million, reflecting rephasing in expenditure for the Barossa and PNG LNG expansion projects.

    https://hotcopper.com.au/posts/43639081/single
 
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