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19.0¢ carnarvon energy limited

The last comment is mine and not the chair of CVN. Sorry if it...

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redal

1,633 Posts.

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30/08/23

10:52

Post #: 69632410
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The last comment is mine and not the chair of CVN. Sorry if it confused.

Originally posted by redal: ↑

From the chair's report today.
While I would like to thank the Carnarvon team who worked hard to prepare the Dorado asset for a Financial Investment Decision (FID), I would also like to record my personal frustration with the progress of development, especially around the delay to FID that we reported to shareholders in August 2022. Our partner and operator of the Dorado development has not progressed development activity at a pace that Carnarvon wishes, despite best efforts by Carnarvon. This delay to FID had a knock-on impact to Carnarvon’s share price which was particularly disappointing for shareholders. Strategically, we had been running multiple funding options that enabled us to secure capital for the Dorado development from an asset sell down rather than an equity raising.
STO seems to be over reacting to the Albo governments policies. Their delay is severely impacting CVN and IMO STO needs to clarify their position wrt FID and Dorado. Maybe they need to sell 80%!!!

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CVN Price at posting: 14.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.0¢		Change 0.000(0.00%)		Mkt cap ! $339.6M

Open	High	Low	Value	Volume
19.5¢	19.5¢	19.0¢	$1.588M	8.267M

Buyers (Bids)

No.	Vol.	Price($)
10	384707	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	647250	4

View Market Depth

No.	Vol.	Price($)
8	268548	0.190
31	3144899	0.185
18	697744	0.180
7	620555	0.175
4	1290000	0.170

Price($)	Vol.	No.
0.195	647250	4
0.200	1787601	31
0.205	1148481	15
0.210	1335363	13
0.215	580003	7

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 19.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
19.3¢	19.3¢		19.0¢	282590
Last updated 15.59pm 07/05/2024 ?

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