CVN carnarvon energy limited

do some maths, page-2

  1. 14,167 Posts.
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    Kajtekpis,

    yeah, quite a few faults, suggest you do some research.

    Costs are very low but you need to recognise the discounted price (to WTI) they get for their heavy oil. Even more importantly there is royalties and SRB (a windfall type tax) in addition to a 50% income tax.

    Suggest you review some of recent CVN presentations, plus a recent one from POE on the panorient website.

    Finally, there is a Hartleys report (CVN website) that does some real maths.

    EL
 
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