Carnarvon in financially robust position

ASX listed oil explorer Carnarvon Petroleum is in a robust financial position with over $105 million cash in the bank as it progresses towards front-end engineering and design at the Dorado project it shares with Santos.

Carnarvon in financially robust position Carnarvon in financially robust position Carnarvon in financially robust position Carnarvon in financially robust position Carnarvon in financially robust position

 

On Friday, Carnarvon posted its half year financial report revealing a loss after tax of $4.25 million. Spending over the six months was $4.1 million in exploration and appraisal costs.