Carnarvon Petroleum was recently rated by PortfolioDirect
Carnarvon Petroleum was recently rated by PortfolioDirect. The company has demonstrated a capacity to secure attractive offshore acreage on the margins of known resource basins. Its offshore oil and gas prospects sit between the Carnarvon and Browse Basins, adjacent to Woodside and Apache interests. Its interpretation of seismic and geological data has been of a sufficiently high standard to attract quality partners. Offshore exploration activity is generally at the higher end of resource sector risk for a small company with limited finances relying on one or two positive exploration results. Carnarvon has restructured its holdings recently to reduce its financial risks and has brought in established operating partners. Among its peers, Carnarvon stands out for its technical skills and risk management approach.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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