Thanks for the change of thread hopefully we can get some...

Thanks for the change of thread hopefully we can get some positive discussion underway.

From what I can see the project activities that should have an impact on company value in 2020 are:

1. The Keraudren3D seismic survey. Completed in 2019 and data being available in 1st quarter 2020. The data will require detailed analysis and interpretation. No date has been given as to when the initial results will be released, but based on earlier information (Announcement - New 3D seismic survey 31 May 2019 see below ) possibly around Jun - Oct 2020?



From the last quarterly (Dec 2019 above) there may be information communicated in the lead up to the date above (Jun - Oct 2020) as the initial interpretation around Pavo and Apus becomes clearer? These prospects could be monsters and with the updated interpretation the upside potential is huge.

2. The Buffalo opportunity is a work in progress and I think that Carnarvon has a team dedicated to bringing this project to the next stage. I appreciate that progress appears slow but the company does have a lot on it's plate. An announcement around this could come at any time and this will also add incremental value to the company.

3. Lets not forget or understate the value of the many assets that Carnarvon have including:

- Labyrinth/Ivory Project - WA- 521-P (Carnarvon 100% and operator) see this interesting presentation 19 April 2019 below (If the link does not work google search "Ivory Prospect within WA-521-P (Labyrinth Project) - Seapex"):

Ivory Prospect within WA-521-P (Labyrinth Project) - Seapex

- Eagle Project - AC/P63 (Carnarvon 100% and operator)
- Condor - AC/P62 (Carnarvon 100% and operator)

Although these projects are in the background CVN has a need to progress them to meet the Licencing commitments.

In summary there is a lot to look forward to with this company and although timings are not firm I am sure that the CVN team is working hard on many fronts. They themselves have significant personal benefit in bringing this company to the next level and once real revenue comes in the door, and based on historical performance the sky is the limit. AIMHO.