MARKETS

Carnarvon rounds off busy quarter 

CARNARVON Petroleum managing director Adrian Cook called the three months ended September 30 "another incredible quarter" after the near end of the Dorado appraisal program, which exceeded expectations and proved beyond doubt the former minnow is sitting on one of Australia's most significant hydrocarbon discoveries.  

Doroado-3

Doroado-3

At the end of the September quarter Carnarvon had A$122.4 million in cash compared with $73.8 million at the end of the prior quarter after raising $78.4 million after costs via an institutional placement...

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