Proactive Investors - Run By Investors For Investors

Carnarvon Petroleum non-executive director buys more shares on market

Carnarvon has attracted a great deal of interest with its oil & gas story in the last 12 months.
Gavin Ryan
Upcoming catalysts seem certain to increase the interest

Carnarvon Petroleum Ltd (ASX:CVN) non-executive director Gavin Ryan has purchased 159,140 shares through on-market trades.

The purchase amounted to $69,936 and has increased Ryan’s total holding in the company to 229,240 shares (direct and indirect interests).

READ: Carnarvon Petroleum oil and gas story expected to have many more pages

Carnarvon has attracted a great deal of interest with its oil & gas story in the last 12 months and has upcoming catalysts that seem certain to increase the interest.

Managing director Adrian Cook explained to investors at this week’s Proactive CEO Sessions in Sydney and Melbourne that the company had $98 million in cash to vigorously pursue its strategy.

He said the past year had been significant for Carnarvon but with support from its Dorado project joint venture partner, Santos Ltd (ASX:STO), which was talking up the JV’s potential, the story had a long way to run.

View full CVN profile View Profile

Carnarvon Petroleum Ltd Timeline

Related Articles

oil well
July 01 2019
Company has production and exploration interests in shale licences in the US and Australia
oil rig
May 10 2019
The core of the portfolio is in the East Midlands Basin, which includes the Wressle-1 oil discovery,
cannabis plants
June 14 2019
Highlands said the progress made by Zoetic since it established the cannabis business earlier this year has been "excellent”

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use