CVN 0.00% 17.0¢ carnarvon energy limited

They do not give an "end date" on the announcement for the...

  1. 708 Posts.
    lightbulb Created with Sketch. 113
    They do not give an "end date" on the announcement for the contract between CPC and CVN.They only give us a target estimate for all the conditions to be met. So the actual contact end date may be another 3, 4, 6 months away or longer, for the conditions to be met.
    Also, the last announcement stated all conditions have been met except for a final condition. They do not disclose what the final condition actually is...which, to me means it may be up to a Taiwan govt approval...or FID or a drilling program timetable.
    ..either way the announcement estimates "mid year completion"
    So is that end June or July? All very ambiguous!!


    "The parties are continuing to target completion of the transaction mid-year, subject to achievement of the final condition"
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.