Sean K
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- 21 April 2006
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The CVN chart is looking interesting. I like rounded bottoms at the Ross Island Hotel.
On a recent visit , before i was asked to leave ..... rounded bottoms at the Ross Island Hotel.
On a recent visit , before i was asked to leave ...View attachment 159951...
Ross Island is owned by our Governor General GG ?The CVN chart is looking interesting. I like rounded bottoms at the Ross Island Hotel.
View attachment 159949
Obviously the young lady 2nd from the right is a stayer. Kicked off the sandels for a long stint breasting the bar.Looks like GG second from right without shoes on. Heathen.
Ah this is doing wonders for tired eyes this evening, after a long day fencing,On a recent visit , before i was asked to leave ...View attachment 159951...
Thankyou Sean and on that note I'm off to the Slumber King so i can do it all over again tomorrow.Ah this is doing wonders for tired eyes this evening, after a long day fencing,
Well, from the Quarterly Report App. 5b CVN has 40 quarters of cash available for activities.Well the Quarterly Activities/Appendix 5B Cash Flow Report are out so we'll see.
Thanks for the tip.Trading halt in relation to the transaction with CPC Corp.
If the transaction has fallen over, look out below!
Carnarvon Energy Limited (Carnarvon) (ASX:CVN) requests the implementation of a trading halt in its
securities effective immediately.
Carnarvon provides the following information in relation to its request for the purposes of ASX Listing Rule 17.1:
Please contact Alex Doering, Joint Company Secretary, or myself should you require any further information.
- (a) the trading halt is requested pending an announcement in relation to the transaction with OPIC Australia Pty Limited, a wholly owned subsidiary of CPC Corporation, Taiwan, Taiwan’s national oil and gas company;
- (b) Carnarvon requests that the trading halt end on the earlier of the commencement of normal trading on 28 July 2023, or when the anticipated announcement referred to in (a) above is released to the market; and
- (c) Carnarvon is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.
Yours sincerely
Gavan Sproule
General Counsel and Joint Company Secretary Carnarvon Energy Limited
Looks turnaround is happening
I do hope you are correct @peter2 ..This perennial underdog looks like it's getting its act together and it's starting to show on the price chart.
View attachment 161451
I think it may be ready for the monthly ASF comp.
8:30PM SEPTEMBER 13, 2023
Australian listed energy groups may be getting busy on the acquisitions front, with talk of interest in Woodside Energy’s Pyrenees and Macedon oil and gas projects up for sale through Morgan Stanley.
DataRoom understands bids for the assets, which are expected to sell for between $500m and $1bn, are due next month.
Among the groups set to put in an offer are Carnarvon Energy. Carnarvon, the joint owner of the Dorado project in Western Australia with Santos, has a market value of $270m but now has $175m of cash on its balance sheet which it is keen to put to work.
Canarvon recently finalised a deal with Taiwan’s CPC Corp to sell a 10 per cent stake in its Dorado and Pavo projects, about 140km off the cost of Port Hedland, for an all-up payment of $US146m.
Other groups believed to be keen are Beach Energy and Cooper Energy. However, the talk is that both need funding partners and are in the market hunting for a joint venture suitor.
And sourcing funding, particularly debt, for oil and gas is never an easy assignment as investors favour renewable energy opportunities amid concerns over climate change impacts.
The $300m Cooper Energy has $81m of net debt, and some say that it needs its $77m of cash for its own growth assets. Yet when Eni’s Australian oil and gas portfolio was on the market in 2020, it launched a bid with Morgan Stanley Infrastructure Partners, so perhaps it rekindles that relationship.
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