"As a result of matters described in note 1 of the financial report as related to going concern, there is significant uncertainty whether Carnarvon Petroleum Limited and the consolidated entity will be able to continue as a going concern without obtaining further funds to continue it's exploration and development activities".
Ernst and Young, 15 March 2005
From Note 1
General Admin ($124 000)
Directors Emoulments ($106 000)
From Note 2
Revenue from Operating Activities ; $429 555
Cost of Sales : ($375 622)
OK, so we have net $65 000 a half year from oil operations, but we have $230 000 a half year from admin costs.
I see a capital raising at 2 cents ...
Ian Whitchurch
requiem for an oil company
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $326.4K | 2.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1324611 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 906839 | 4 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |