CVN 10.8% 16.5¢ carnarvon energy limited

Turning Point?, page-78

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    Yes one takes a risk mentioning the big B.... word. Have to ask if management have stuffed up on this 100% owned quicker road to cashflow resource, which should have been moving towards drilling mid year(as they originally stated). . However, in the long run Dorado appears to look better by the day. IMO it is almost certain that the POO will spike up quickly at some point, a year or more who knows but it surely will. Shale oil production in USA will get smashed at lower prices and trying to get finance in the future will be almost impossible. Forget trying to get finance for costly to develop projects with country risk(such as FAR?). There are not too many attractive projects around like Dorado that offer such low risk development.
 
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