re: shareholder update email yesterday without a hint of...

re: shareholder update email yesterday without a hint of anything.
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In his reply to the first question there's a clear 'hint' by the Chairman Bill Foster on 'beginning to plan for its financing aspects of the project'.

What that means is, with FEED entry imminent by the Operator, CVN has to get cracking with its side of things, i.e debt/equity raising or other options. Its good to hear that they have a good relationship with Santos. Pg-6 of their Qtrly shows enough cash to funds feed studies etc, worth a read. Cash on hand was AUD 111.281 mil.

Q2 answered about life beyond Dorado, ie other attractive targets ie Pavo & Apus 2b drilled.

Q3 was about Buffalo where interest was reignited from potential JV parters due to renewed positive global outlook on O&G mkts & vaccine reports.

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Dial in Dec 1st, Tues 9 AM to the Santos webcast, hopefully there should b more details on 2H 2020 FEED decision on Dorado, FID in 2021, upcoming drilling plans in Bedout, farm-out etc etc. Update on the Field Development Plan is what the Analysts/Market wants to hear about, i.e number of prod/injectr wells etc. Progress on lease/buy options from 1 of the 3 FPSO suppliers will b interesting.