Carnarvon Energy Limited (AU:CVN) has released an update.
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Carnarvon Energy Limited reports a robust financial position with A$181m in cash and no debt, alongside management changes, including the appointment of Robert Black and the retirement of Gavin Ryan. The company is progressing the Dorado Phase 1 liquids development, targeting to enhance project value with optimisations that could lead to a reduced capital expenditure and a quicker first oil timeline. These strategic moves aim to strengthen shareholder returns as the company moves towards a final investment decision by the end of 2024.
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