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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