Wildcatter Podcast: Insulating for commodity downsides, North West Shelf competitive advantages and building CVN’s $600M mkt cap
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Stock analysis veteran and lover of the oil and gas game, Peter Strachan, is putting aside the Bloomberg terminal and picking up the microphone for another instalment of The Wildcatter Podcast.
In this latest episode, Peter interviews Carnarvon Petroleum (ASX:CVN) managing director and CEO, Adrian Cook.
In late 2014, Carnarvon Petroleum monetised capital-hungry oil production and development assets in Thailand, at close to the top of the oil price cycle.
Encouraged by the 2014 Phoenix oil discovery, over the ensuing three years the company patiently applied its cash, adding 100% exposures to a low-cost entry-level portfolio of projects along Australia’s North West Shelf and into the Timor Sea.
Additionally, the company identified a ~31 million barrel, attic oil redevelopment at the Buffalo oilfield, which is now under jurisdiction of Timor Leste.
The company followed up Phoenix with a significant oil and gas discovery at the Roc prospect and in July 2018, it participated in discovery of the major Dorado oil field. Dorado contains resources of 160 million barrels of oil and condensate, plus ~750 billion cubic feet of gas, alongside its now partner Santos.
Carnarvon has outlined an exciting portfolio of exploration and appraisal prospects that it plans to test into 2020 and beyond.
So tune in to hear Peter and Stuart discuss insulating for commodity downsides, North-West Shelf competitive advantages and building CVN’s $600M mkt cap.
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