CVN 0.00% 16.0¢ carnarvon energy limited

Santos Buy Quadrant US$2.15B, page-8

  1. 3,644 Posts.
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    Interesting, very interesting. The schematic of Dorado shows it as not extending to ROC and that it's smaller then shown in other presentation. Though it does show the extent of the Dorado canyon as being quite significant.

    I suspect that the dorado related resource conversion payments were nutted out post well results. It's a good guide to what our value is, but this is a good deal for santos as it gives substantial reserve addition and upside.
 
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