CVN 0.00% 16.5¢ carnarvon energy limited

I think the window to do further wildcat exploration in new...

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    I think the window to do further wildcat exploration in new areas is fast closing and expensive. Dorado is a ripper and whilst a long way out is a better use of limited funds. Flying too close to the sun in the O&G game is tempting fate. Buying an existing/new producer is very expensive.

    Dorado/Pavo is CVN's only opportunity to generate some great cash flow before the window starts closing. Perhaps a few wells in the area has merit ie Pavo South. PS has a >50% COS and perhaps a few million dollars on that is worthwhile.
 
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