Hi CommanderC,
The oil and condensate from my limited understanding will be by a floating tanker and gas will tie in from comment in prior Petroleum -economist to Karratha hub, with WPL building a pipeline from Scarborough close to Dorado. So no expensive pipeline and renting the floating tanker as previously common throughout NWS and Buffalo. CVN has the funds after the recent cash raise to pay there part of the costs. What a position to be in with Dorado discovery, appraised by 3 wells and partner wanting to develop. Shareholders are in a good space. Also Many targets to sell down interests to assist in there development. The light weight oil, shallow depth and near by hub at Karratha provides potential for some future returns. Many small oilers are still trying to find anything. May the small punters be rewarded for their patience.
Hi CommanderC, The oil and condensate from my limited...
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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| Last updated 15.59pm 07/05/2024 ? | |||||
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