CVN 2.50% 20.5¢ carnarvon energy limited

First: our cash is now about $140MSecond: our 2c is 85M (20% of...

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    First: our cash is now about $140M

    Second: our 2c is 85M (20% of our dorado 344M BOE and our Roc of 78M BOE).

    So at purchase price of USD 5.68 = $ AUD 8.48 times 85M BOE equals 720,800,000.

    Add our cash of $140M

    Equals AUD 860.8 M

    Or 55.5 cents per CVN share

    Without accounting for other prospects within our 4 permits (like Apus, Pavo), and Buffalo, and Labyrinth, etc etc etc.

 
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