CVN 0.00% 19.5¢ carnarvon energy limited

I agree Chewy, the drilling in Thailand has a looong way to go...

  1. 744 Posts.
    I agree Chewy, the drilling in Thailand has a looong way to go yet.

    They had to develop NSE to a commercial level to secure ongoing cashflow, and are very close to that being achieved now.

    The focus is about to turn to more exploration type drilling, and if they find another volcanic field (Si Thep, Wichian Buri etc), then the focus will again turn to developing it to a commercial level. I'd prefer a baseline of 12,000 bopd rather than a small dividend.
 
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