Dwayne Johnson...eat your heart out., page-326

Hi Ohyeah and Listerine

After surviving my first Earthquake in Bali yesterday I feel
regardless of share price being alive is pretty good today.


I attended a briefing from CVN in late June 2019
I was elated at the time of the meeting seeing a very positive future for the company and had no plans to sell out anytime soon.


Regarding Dorado

1.
Dorado was the number 1 find in 2018/19 as voted by 250 experts in the field.
2.
Dorado liquids production likely first before chasing the gas later.
Early estimates 1 billion total - CVN Au $ 200 million to raise.
3.
Major Australian banks and 1 international clamouring to help fund the future development at $100 Million.
AC reluctant to dilute shareholder funds to raise $100 Million - would prefer to get it from sale of other assets or farm out of other assets.
4.
Likely $25 US per barrel production costs - so very healthy margins at $60 US per barrel
5. 50000 to 75000 barrels per day Flow rates possible
Exceptionally fast payback with CVN 10000 to 15000 per day share. $$$$

Regarding RS 1

1.
Was only to be icing on the Dorado cake if successful.
Some Santos guys predicted an 80 percent chance of success at the time ( above the published 63 percent COS)


Surrounding satellite fields/

1. We saw a slide ...
There are many other prospective sites within short distance of D1 and D2 that if successful can be tied into Dorado production at only
US $10 per barrel. - hugely profitable in future. $$$$

Enough to digest
There was further discussion about Buffalo
Can expand in a later post if you want ?

best wishes