Carnarvon Energy Ltd
Carnarvon Energy Limited is an Australia-based independent oil and gas explorer.
The business
Carnarvon Energy Limited is an Australia-based independent oil and gas explorer. The Company’s principal activities are oil and gas exploration, development and production. The Company secured its interests in the Bedout Sub-Basin permits, WA-435-P, WA-436-P, WA-437-P and WA-438-P. The offshore permits cover an area of 21,652 square kilometers (km2), which is located approximately 110 kilometers (km) from the coast, offshore of Port Hedland in Western Australia. The Pavo North oil discovery was made with the Pavo-1 well intersecting reservoirs and confirming net oil pay across a zone of 46 meters. Pavo lies in offshore permit WA-438-P, where Carnarvon holds a 20% interest. The Company’s core exploration portfolio offshore Western Australia contains more than 100 prospects, providing plenty of running room in the emerging Bedout sub-basin. It holds a 10% interest in WA-435-p and WA-437-P.
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Latest news
Carnarvon Energy Upgrades Bedout Basin Prospective Resource Inventory
Carnarvon Energy lifts Bedout Basin resources 92% to 6,256 mmboe gross (1,021 mmboe net) after Mega-Merge; 17.5 tcf gas & 3.1 Bbbl oil; drilling planned 2027.
The Weekly Finger: 180% more volatile
RIU Resources Round Up: Sulphur up 180%, diesel tight as supply chains strain Australia’s miners; nimble small-caps sprint to secure fuels.
Strike Energy and Carnarvon Energy to Join Forces in WA Oil and Gas Sector Shake-up
The Western Australian oil and gas sector looks set for a major reorganisation with two of its leading players proposing a strategic partnership. Onshore Perth Basin specialist Strike Energy (ASX: STX) and offshore oil and gas discoverer Carnarvon Energy (ASX: CVN) have entered into an agreement under which Carnarvon will make an investment of as […]
Big-name investors, politicians embracing oil and gas, as price tipped to surge
Follow the money (and follow the politics) because this week’s hot advice is that when it comes to investing in energy, money and politics are heading in the same direction and it’s not all about wind, solar and other renewables. The world’s top investor, Warren Buffet, this week loaded up on oil stocks ahead of […]
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