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Analyst wrap: Carnarvon cops downgrade

CARNARVON Petroleum's reduced production guidance for the 2011 financial year has disappointed investors and led to broker and analyst Hartleys downgrading its recommendation to a speculative buy.

Analyst wrap: Carnarvon cops downgrade

Yesterday Carnarvon announced it had lowered its production guidance from 1-1.5 million barrels to 700,000-850,000bbl citing the unpredictable nature of volcanic reservoir oil fields from its Thai assets....

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