CVN 0.00% 19.5¢ carnarvon energy limited

Is $119 million cash enough to weather a storm?

  1. 117 Posts.
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    Since CVN currently has no cash flow, I'm wondering about the sustainability of its current operations! With Apus and/or Pavo drilling commitment (likely by the end of this or early next year!) and ongoing Dorado development cost (I've already written Buffalo off), can CVN meet these commitments with a current cash level of $119 Mo?
    History tells liquidity tends to dry up in unexpected downturns.
 
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