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Carnarvon Petroleum’s Dr Peter Moore buys $42,000 worth of stock

Last week, it was revealed that CVN will enter the S&P/ASX 300 (INDEXASX:XKO).

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The company recently also raised $50 million to fund the world-class Dorado discovery

Carnarvon Petroleum Ltd (ASX:CVN) non-executive director Dr Peter Moore has purchased 100,000 shares for $42,000 via on-market trades.

The purchase increases his overall holding to 420,232 shares in the oil and gas explorer, which made a breakthrough discovery in 2018.

READ: Carnarvon Petroleum raises $50 million to fund world-class Dorado discovery

Recent funding will be applied to Carnarvon’s appraisal and exploration activities in Australia’s North West Shelf, and to engineering and design studies relating to Dorado.

Quick facts: Carnarvon Petroleum Ltd

Price: 0.235 AUD

ASX:CVN
Market: ASX
Market Cap: $367.63 m
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Carnarvon Petroleum advancing Dorado and Buffalo projects

Carnarvon Petroleum Ltd (ASX:CVN) managing director Adrian Cook speaks to Proactive Investors following a successful $50 million capital raising last week. Cook discusses the Dorado project, detailing the company's plans and expectations for three wells. He also updates on the Buffalo...

on 18/2/19

2 min read