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Carnarvon Completes Transformational Divestment of Bedout Assets — ASX:CVN| ASX Mining News & Discussion
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Lykeshares Official
$CVN Carnarvon Completes Transformational Divestment of Bedout Assets
Carnarvon Petroleum Limited (ASX:CVN) has announced the successful completion of its Bedout assets divestment to PetroChina International Investment (Australia) Pty Ltd (CPC). With the transfer of the Bedout assets completed, Carnarvon now holds approximately A$319 million in financial liquidity, made up of approximately A$181 million in cash and A$138 million future contribution to Dorado development costs.

Transformational Journey to Delivering High-Quality Production

Carnarvon's Managing Director and CEO, Adrian Cook, highlighted the significance of the CPC transaction as a crucial funding milestone and a vital component in Carnarvon's transformational journey to delivering high-quality, low-cost production for shareholders. With the adjusted payment of US$58 million (~A$89 million) received from CPC at completion, Carnarvon's cash reserves are now boosted to ~A$181 million.

Groundbreaking Potential of Dorado and Pavo Fields

The CPC transaction provides substantive funding for the development of the Dorado and Pavo fields, the largest undeveloped oil field offshore Australia. The completion of the transaction now ...
Carnarvon Completes Transformational Divestment of Bedout Assets

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?