Carnarvon Energy Advances Dorado Project, Eyes Shareholder Value

Carnarvon Energy Limited (AU:CVN) has released an update.

Carnarvon Energy Limited is making strides in its strategic objectives, particularly with its Dorado project, which is on track to be FID-ready in 2024, supported by a strong cash balance and reduced corporate costs. The company is also working with J.P. Morgan to assess strategic options to enhance shareholder value. With over a 40% reduction in ongoing costs and no major new acquisitions planned, Carnarvon is well-positioned to maintain its financial health while pursuing development and value maximization opportunities.

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