CVN 0.00% 15.5¢ carnarvon energy limited

Thai Divestment, page-4

  1. 6,536 Posts.
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    I don't mind this... given the tough history CVN has had with production in Thailand I think they're just trying to get out while the going is good - plus the cash would be useful considering that there is probably a lot more work in the WA permits ahead of them.

    Also interesting to see "Advising Finder Exploration on the divestment of its Phoenix South-1 oil discovery and associated Bedout Sub-basin permits."

    I hope they get a good deal for their sake and ours.

    I don't see much to be gained from retaining the Thailand assets, but I do see a big downside if Apache decide to speed up their work to prove up the permits and CVN is caught short of cash. I've had enough of capital raisings.
    Last edited by Sojourner: 23/10/14
 
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