Carnarvon Energy Limited ( (AU:CVN) ) has issued an update.
Carnarvon Energy Limited reported a strong financial position with A$186 million in cash and no debt, while initiating capital management strategies, including a share buyback and potential capital return to shareholders. Despite delays in the Dorado project, the company is exploring alternative options to accelerate development and remains committed to realizing shareholder value through potential transactions and exploration activities in the Bedout Sub-basin.
More about Carnarvon Energy Limited
Carnarvon Energy Limited operates in the energy sector, focusing on oil and gas exploration and development. The company is involved in the Dorado oil and gas field, which is the largest undeveloped oil field in Australia, and has interests in the Bedout Sub-basin offshore Western Australia.
YTD Price Performance: -29.91%
Average Trading Volume: 57,750
Technical Sentiment Signal: Strong Buy
Current Market Cap: $118.9M
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