From the chair's report today. While I would like to thank the...

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%!!!