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.
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.
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.