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MARKETS

Carnarvon makes a loss, but remains well financed

CARNARVON Petroleum, which holds a 20% stake in the massive Dorado oil find offshore Western Australia, has recorded a loss after tax of A$2.57 million for the half year ended December 31.

paul hunt
CarnarvonRoc2flare-1024-475.jpg

CarnarvonRoc2flare-1024-475.jpg

  In its financial report to the market on Friday afternoon, Carnarvon noted that while it had made the loss, it had also made "significant progress" with joint venture partner Santos (80%) on the landmark...

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