There has been a poster on this thread in recent time coming out...

There has been a poster on this thread in recent time coming out with a load of uninformed dribble and claiming CVN will burn its capital due to lack of income. Well, if he actually a did some research he would discover that his claims a completely incorrect. Here is an extract from the recent quarterly report that completely overrides his dribble.

"Carnarvon is in a unique position in that we are well-funded to pursue our objectives in the North West Shelf. In addition to our strong cash balance of approximately $102 million, we retained an important cash flow when we sold the first half of our Thailand production asset that ensures a substantial contribution toward our operating costs into the future. With this in mind, we configured the consideration to include a future cash flow that is based on the level of production from the Thailand field and the oil price. These payments will continue until Carnarvon receives US$32 million, or we reach the 20th anniversary of the deal."