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Carnarvon Petroleum commences drilling Dorado-1 well

The Dorado-1 well is located within the Phoenix Project based offshore.
Location of the Dorado-1 well within the project
Location of the Dorado-1 well within the Phoenix Project

Carnarvon Petroleum Ltd (ASX:CVN) has commenced drilling the Dorado-1 well targeting gas and liquids in the Canning Basin offshore Western Australia.

The primary objective for the Dorado-1 well is to assess the gas and liquids potential in the Caley Member interval by drilling down about 1,175 metres.

The well is less than 20 kilometres from and updip of the successful Roc-1 and Roc-2 wells.

Targeting 125 million barrels of oil equivalent

The Dorado structure at the Caley interval is estimated to contain a gross mean recoverable prospective resource of 545 billion cubic feet of gas and 30 million barrels of associated condensate.

This equals 125 million barrels of oil equivalent, gross, Pmean.

Other targets to also be drilled

Multiple secondary targets have been identified by Carnarvon in the Crispin and Milne Members and these will also be assessed by the Dorado-1 exploration well.

READ: Carnarvon Petroleum’s well reaches 4,619 metres targeting gas and condensate on North West Shelf

Last week, Carnarvon drilled the Phoenix South-3 well in the same project to a measured depth of 4,619 metres.

The well was the first drilled by Carnarvon and project operator Quadrant Energy at the Phoenix project offshore Western Australia seeking gas and condensate.

This well was also targeting the Caley Member at a depth of about 5,360 metres.

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