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Company News Summary

Carnarvon Energy Reports Negative Cash Flow of $8.86m for the September 2021 Quarter

04 Jan 2022  |  14:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report and Appendix 5B

Carnarvon Energy reported negative cash flow of $8.86m for quarter ended 30 September 2021. Operating cash flow for the period was $(1.53m). Payments for exploration and evaluation were $(190,000). Investing cash flow was $(7.64m). Financing cash flow was $315,000. Cash in hand at the end of the quarter was $89.44m. During the quarter, Dorado development FEED progressed with contracts secured. The Company stated that Pavo-1 and Apus-1 Bedout exploration wells was scheduled to commence in early 2022.

Consolidated Statement of Cash Flow for the Quarter ended 30 September 2021

Current Quarter $A'000- 30 September 2021 Year to Date $A'000-3 Months
Net Operating Cash Flows (1,528) (1,528)
Net Investing Cash Flows (7,643) (7,643)
Total Operating and Investing Cash Flows (9,171) (9,171)
Net Financing Cash Flows 315 315
Net Increase (Decrease) in Cash Held (8,856) (8,856)
Cash at Beginning of Quarter/Year to Date 98,435 98,435
Cash at End of Quarter 89,439 89,439
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