MARKETS

Post-Pavo success sees Carnarvon off to market for $70M 

AFTER reporting the second largest oil find in five years last week Carnarvon Energy is off to market to raise cash to further appraise and develop its share of the project. 

 The Noble Tom Prosser which drilled Pavo-1

The Noble Tom Prosser which drilled Pavo-1

The Perth company, which holds 20% of the Dorado oil field with operator Santos (80%) and 30% of the Pavo and Apus projects, is seeking $70 million from institutional and sophisticated investors via a...

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