Carnarvon Talking Loud, Saying Little
Much ado about nothing for energy tiddler Carnarvon Energy, who seemed to be making noise for the sake of it on Tuesday just to remind the market that it sees itself as a player.
Read MoreMuch ado about nothing for energy tiddler Carnarvon Energy, who seemed to be making noise for the sake of it on Tuesday just to remind the market that it sees itself as a player.
Read MoreLots going on around the traps to kick the week off, and here is the latest news from Star Entertainment Group, Carnarvon Energy and financial sector stalwart AMP Limited.
Read MoreShares in Carnarvon Energy surged Wednesday on news of a significant discovery at the Pavo-1 oil well off the WA coast it part owns with energy major Santos.
Read MoreThe broker retains a Neutral rating and $0.33 target.
Read MoreMacquarie updates oil price revisions, raising 2021 oil price forecasts by 3.1% to US$50/bbl and lowering 2022 estimates by -4.9% to US$53.75/bbl.
Read MoreJune quarter activities revealed the company is in cash conservation mode and Macquarie believes the Dorado FPSO and platform contractor selection will be key going forward.
Read MoreCarnarvon’s Sep Q drilling and corporate costs were in line with the broker’s expectation. Following the company’s recent capital raising it should be well funded to progress the Dorado prospect through to completion of front-end engineering & design (FEED).
Read MoreSantos shares are on the rise following a better than expected test report from the much anticipated Dorado-3 well being drilled off the Northwest WA coast.
Read MoreShares in Carnarvon Petroleum re-listed yesterday after a couple of days of suspension to allow an update of the oil strike in an exploration well in northwestern WA coastal waters.
Read MoreShares in Carnarvon Petroleum went for their second big run in a week yesterday it reported the discovery of more oil and gas at its minority-owned Dorado-1 well off the Pilbara in northwestern WA.
Read MoreWhoosh, up went shares in Carnarvon Petroleum yesterday after it revealed it had made what it called "significant" oil discovery in WA.
Read MoreCarnarvon Petroleum (CVN) and its partners, led by Apache Petroleum, the big US independent, are to drill a second hole to test an oil discovery in the Phoenix South 1 well offshore the Pilbara coast in WA which could be the largest oil strike in Australia for 30 years.
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