Hi,
1. I don't understand something. How it is possible to have a such difference between the figures in the last Hartley report (18.02.2008) and the Gaffney's (30%)?
Net margin forecasted in Hartley's report are following:
FY2008 56.21%
FY2009 26.10%
FY2010 22.19%
I think the Gaffney's number is wrong because it is for me obvious that SRB are not based on a flat rate.
Carnarvon's story is one of my best experience in investment but I am really afraid of this windfall Tax who gives an annoying limit for this beautiful stock! Other disliked points:
2. They are struggling to deliver the full production (only 3000 bopd)
3. no third rig that is disappointing.
Almost all my portfolio is invested in this share but I think interesting not only to look on the bright part...
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