Carnarvon Petroleum a ray of light in quarterly crisis period

CARNARVON Petroleum has been a ray of light, so far, this quarterly reporting season, with a stable cash balance of A$113.6 million and well on the path to development of its Dorado discovery.

Carnarvon Petroleum a ray of light in quarterly crisis period Carnarvon Petroleum a ray of light in quarterly crisis period Carnarvon Petroleum a ray of light in quarterly crisis period Carnarvon Petroleum a ray of light in quarterly crisis period Carnarvon Petroleum a ray of light in quarterly crisis period

 

Carnarvon's lack of production has shielded it from the worst of the crash, despite its shareprice of 20cps compared with January highs of close to 40cps.