Carnarvon Petroleum appointment brings legal and commercial capabilities
Experienced oil and gas executive Gavin Ryan is appointed to the company’s board of directors.
Company
Carnarvon Energy Ltd
ASX:CVN
Carnarvon Energy Ltd (ASX:CVN) has set its sights on unlocking the largest oil field in WA’s North West Shelf.
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Carnarvon Petroleum encounters sandstone intervals while drilling Dorado-1 on North West Shelf
Elevated gas readings and increased resistivity were observed, indicating the presence of hydrocarbons.
Carnarvon Petroleum uncovers more oil and gas at Dorado-1, shares rise higher
Shares in the company are trading up another 11% or 4 cents today to 40 cents.
Carnarvon Petroleum rides high on oil discovery as shares reach 34 cents
The shares increased 24% on strong volume of more than 48 million.
Carnarvon Petroleum surges 51% on oil discovery at Dorado-1 well on North West Shelf
Joint venture partners Carnarvon and Quadrant Energy have recovered light oil from an excellent reservoir.
Carnarvon Petroleum shares halted pending Dorado-1 well exploration results
Shares in the company last traded at 17.5 cents before going into a trading halt.
Carnarvon Petroleum continues to receive positive drilling results from Dorado-1 well
The significance drilling results to date have warranted that the wireline program is brought forward.
Carnarvon Petroleum shares rise on promising drill intersects for Dorado-1 well
The drilling encountered several sandstone intervals as expected within the Caley Member.
Carnarvon Petroleum cashed up with plans to drill more wells
Two wells underway within the offshore Phoenix project are targeting gas and condensate.
Carnarvon Petroleum at 3640 metres depth in Dorado-1 offshore well
The well is within the Phoenix project offshore Western Australia in the Canning Basin.
Carnarvon Petroleum hits 5,041 metres depth for Phoenix South-3 well
As the well gets drilled deeper, thinner equipment is required.
Carnarvon Petroleum’s Dorado-1 well approaches gas and condensate target on North West Shelf
The second exploration well at the Phoenix project has reached a measured depth of about 3,637 metres.
Carnarvon Petroleum at 1,250 metres depth for the Dorado-1 well
Previously drilled nearby wells have confirmed gas and condensate below the surface.
Carnarvon Petroleum down to 4,634 metres at Phoenix South-3 well
The well is located within the Canning Basin offshore Western Australia.
Carnarvon Petroleum cashed up to progress multiple oil, gas opportunities
Earlier this week, the company commenced drilling the Dorado-1 well in the Canning Basin.
Carnarvon Petroleum commences drilling Dorado-1 well
The Dorado-1 well is located within the Phoenix Project based offshore.
Carnarvon Petroleum pockets additional cash from share purchase plan
The raising was completed at 13 cents and shares are currently trading at a premium.
Carnarvon Petroleum’s well reaches 4,619 metres targeting gas and condensate on North West Shelf
The Phoenix South-3 well is targeting the Caley Member at a depth of around 5,360 metres.
Carnarvon Petroleum’s drilling on track to reach primary gas target
The Caley primary target is expected to be intersected at a depth of about 5,360 metres.
Carnarvon Petroleum about to set-up Dorado-1 well targeting gas and liquids
The well will be the second at the Phoenix project aimed at assessing the gas and liquids potential in the Caley Member.
Carnarvon Petroleum’s Phoenix South-3 well reaches 3,733 metres targeting North West Shelf gas and liquids
The well is expected to access gas and condensate in the Caley Member at a depth of about 5,300 metres.
Carnarvon Petroleum on schedule with drilling at Phoenix South-3 well
Quadrant Energy is drilling ahead in 17 1/2 inch hole at a measured depth of 3,114 metres.
Carnarvon Petroleum raises $16 million to assist in redeveloping the Buffalo oil field
Existing shareholders are also being given the chance to participate in a share purchase offer to raise up to $4 million.
Carnarvon Petroleum enters trading halt ahead of capital raising
Broker Hartleys recently forecast a 12-month share price target of 25 cents.
Carnarvon Petroleum moves closer to oil production at Buffalo with preparations for first well
The signing of a Maritime Boundary Treaty with Timor-Leste has enabled the company to progress its development strategy.
Carnarvon Petroleum expects to start drilling for gas and liquids at Dorado-1 by end of May
The primary objective of the well is to assess the gas and liquids potential in the Caley Member.
Carnarvon Petroleum on track with Phoenix South-3 drilling program
Analysts at Hartleys view Carnarvon as one of the best stocks to target to gain leverage to the oil price recovery.
Carnarvon Petroleum drilling to add to gas and condensate bounty at Phoenix project
Drilling has started at the Phoenix South-3 well with drilling to start next month at Dorado-1 well.
Carnarvon Petroleum begins drilling Phoenix South-3 well to unlock gas, condensate potential
The objective is to fully evaluate the gas and condensate discovered earlier
Carnarvon Petroleum trades strongly ahead of active drilling campaign
Carnarvon had a cash balance of A$48.1 million at the end of the March quarter, leaving it well-placed to fund an active period of exploration.
Carnarvon Petroleum expects drilling to start shortly at Phoenix South-3 after rig arrives
The semi-submersible drilling rig will now be anchored in place and ballasted.
Carnarvon Petroleum rig delay only a small hitch ahead of a big year of exploration
This represents only a minor delay, offset by multiple share price catalysts at play throughout 2018.
Carnarvon Petroleum enters 2018 with multiple share price catalysts including the prospect of a takeover
Hartleys has a 12-month share price target of $0.25 on the stock implying upside of nearly 100%.
Carnarvon Petroleum says drill rig will be at Phoenix South-3 well site by the end of March
Operated by Quadrant Energy, the latest well is just 560 metres from the Phoenix South-2 discovery
Carnarvon Petroleum’s plans get a boost from Australia - East Timor maritime border treaty
The treaty finally determines each nation’s ownership of the rich oil and gas reserves in the Timor Sea.
Carnarvon Petroleum to showcase oil and gas work during information day
Innovative exploration methods have been used to build North West Shelf asset portfolio.
Carnarvon Petroleum’s improved data likely to take Buffalo oil field to development
A better data set has been established for an oil field that last produced in 2004.
Carnarvon Petroleum to unlock value in new Eagle Project using improved technology
The 585 square kilometre permit will be known as the Eagle Project.
Carnarvon Petroleum upgrades prospective resource at the Labyrinth project
The company's shares are trading 13% higher intra-day, at $0.13.
Carnarvon Petroleum's leverage to recovering oil price underappreciated says Hartleys
Hartleys notes company's cash position of circa $50 million as at December 31, 2017.
Carnarvon Petroleum notes offshore drill rig has reached South African waters
The company holds a 20% interest alongside operator, Quadrant Energy with 80%.
Carnarvon Petroleum eyes potential for gas on the North West Shelf
The company's prospect is adjacent to Woodside Petroleum’s Swell-1 well.
Carnarvon Petroleum and partner lay out drilling plans for 2018
Phoenix South-3 well is expected to commence drilling in March 2018.
Carnarvon Petroleum’s partner to drill Dorado-1 well
The Dorado-1 well will be exploring for significant gas and condensate volumes.
Carnarvon Petroleum eyes multiple oil leads after securing North West Shelf permit
Potential for lower cost drilling and field developments in the permit.
De Grey brings conglomerate hosted gold to Proactive's CEO Sessions
Find out more from De Grey Mining at Proactive's CEO Sessions.
Carnarvon Petroleum to utilise cash war chest to advance North West Shelf assets
Carnarvon has a market cap of circa $90 million, and cash of $50 million.
Carnarvon's Adrian Cook outlined company strategy with investors at Proactive's CEO Sessions
Adrian Cook discussed the company's portfolio strategy at Proactive's CEO Sessions.
Stargroup's Todd Zani brings casino cash and Bitcoins to Proactive's CEO Sessions
Find out more from Todd Zani at Proactive's CEO Sessions.
Great Boulder's Stefan Murphy brings Mt Venn drilling plan to Proactive's CEO Sessions
Find out more from Stefan Murphy at Proactive's CEO Sessions.
Carnarvon Petroleum reveals light premium oil resource for Buffalo, has eye on production
Find out more about Buffalo when Adrian Cook presents at Proactive's CEO Sessions.
King River Copper's Tony Barton brings copper-gold drilling to Proactive's CEO Sessions
Find out more from Tony Barton at Proactive's CEO Sessions.
Kin Mining's Trevor Dixon brings imminent gold resource upgrade to Proactive's CEO Sessions
Find out more from Trevor Dixon at Proactive's CEO Sessions.
Carnarvon Petroleum's Adrian Cook brings North West Shelf discoveries to Proactive's CEO Sessions
Find out more from Adrian Cook at Proactive's CEO Sessions.
Carnarvon Petroleum sees evidence for oil potential in Buffalo
The company has provided an update on its 100% held Buffalo project in WA-523-P.
Carnarvon Petroleum's team map out opportunities on North West Shelf
The North West Shelf is Australia’s most prolific oil and gas region.
Carnarvon Petroleum Ltd's partner Quadrant Energy secures rig for Phoenix South-3
Quadrant (80%) is the operator, and Carnarvon holds 20%.
Carnarvon Petroleum Ltd enters September quarter cashed up
The company's oil and gas assets are all located offshore of Western Australia.
Carnarvon Petroleum counts down to drilling of Phoenix South-3
Carnarvon is focused on the North West Shelf in Western Australia.
Carnarvon Petroleum to unlock opportunities with exploration technology
The company is collaborating with its neighbour NOGA in the Timor Sea.
Carnarvon Petroleum starts to unravel the Labyrinth
Carnarvon remains focused on its assets on the North West Shelf.
Carnarvon Petroleum updates on Buffalo, in a proven petroleum system
Carnarvon secured Buffalo with the objective of applying new technology.
Carnarvon Petroleum receives government approval at Cerberus
The company entered the June quarter with $51.1 million in cash.
Carnarvon Petroleum to receive funds from deferred consideration agreement
Carnarvon held over $51 million in cash at the end of March 2017.
Carnarvon Petroleum reveals technical work from Phoenix South-2 well
The location of Phoenix is important relative to gas monetisation opportunities.
Proactive's CEO Spotlight Sessions: Cynata, Bluechiip, White Cliff, Legend Mining
Proactive's CEO Spotlight Sessions are back again giving investors the opportunity to hear the latest news flow from directors, and what to expect next.
Carnarvon Petroleum and Quadrant Energy prepare for Dorado-1 exploration
The Dorado prospect is the biggest target yet for the joint venture.
Carnarvon Petroleum: Access latest PPT from Proactive's CEO Sessions
Adrian Cook discussed the company's 2017 exploration plan with investors.
White Rock Minerals brings gold, silver and zinc to Proactive's CEO Spotlight Sessions
Meet with Matthew Gill, managing director, White Rock Minerals.
Elk Petroleum brings Enhanced Oil Recovery to Proactive's CEO Spotlight Sessions
Meet with Brad Lingo, CEO, Elk Petroleum at Proactive's Spotlight CEO Sessions.
Petsec Energy brings near-term production opportunities to Proactive's CEO Spotlight Sessions
Meet with Maki Petkovski, chief executive officer, Petsec Middle Eastern Ltd.
Carnarvon Petroleum safely completes operations at Phoenix South-2
Carnarvon Petroleum (ASX:CVN) and partner have updated on the Phoenix South-2, located within the WA-435-P exploration permit in the North West Shelf of Australia.
Proactive's CEO Spotlight Sessions: Carnarvon, Great Boulder, Elk, Petsec, White Rock
Proactive's CEO Spotlight Sessions are back for 2017 giving investors the opportunity to hear the latest news flow from directors, and what to expect next.
Carnarvon Petroleum brings gas and condensate discovery to Proactive's CEO Spotlight Sessions
Meet with Adrian Cook, managing director and CEO, Carnarvon Petroleum.
Argent Minerals to discuss Kempfield drilling at Proactive's Spotlight CEO Sessions
Meet with David Busch, managing director, Argent Minerals.
Great Boulder Resources brings gold to Proactive's Spotlight CEO Sessions
Meet with Stefan Murphy, managing director, Great Boulder Resources.
Carnarvon Petroleum and partner make gas and condensate discovery
Quadrant is the operator and holds 80%, with Carnarvon 20%.
Carnarvon Petroleum in a trading halt pending Phoenix South-2 update
Carnarvon Petroleum (ASX:CVN) has been granted a trading halt this morning, pending details from the Phoenix South-2 well.
Carnarvon Petroleum: Phoenix South-2 well nears primary target
Quadrant is the operator and holds 80%, with Carnarvon 20%.
Carnarvon Petroleum: Quadrant Energy updates on Phoenix South-2 well
Carnarvon Petroleum (ASX:CVN) has provided an update on drilling operations as advised by the operator of the Phoenix South-2 well, Quadrant Energy.
Carnarvon Petroleum Ltd and partner update on Phoenix South-2 well
Phoenix South-2 will be drilled down to a total depth of around 5,500 metres.
Carnarvon Petroleum Ltd to benefit from resource estimate
Quadrant is the operator of the project area and holds 80%, with Carnarvon 20%.
Carnarvon Petroleum Ltd: Quadrant Energy updates on Phoenix South-2 well
The well is currently setting the 20” (508mm) casing.
Carnarvon Petroleum Ltd returns to Phoenix South oil field
Phoenix South-2 will be drilled down to a total depth of around 5,500 metres.
Carnarvon Petroleum Ltd has success with Roc-2 well testing
Carnarvon holds a 20% interest, with Quadrant, the operator, holding 80%.
Carnarvon Petroleum Ltd granted trading halt pending news from Roc-2 well
The Roc-2 well is located on Australia’s North West Shelf.
Carnarvon Petroleum Ltd confirms gas and condensate at Roc-2 well
Since the last report the full suite of wireline logs have been acquired, which have a higher resolution than the previously acquired logs, allowing for delineation of net and gross reservoir within the well.
Carnarvon Petroleum Ltd builds portfolio ahead of next oil price cycle
Carnarvon is recognised as an innovator and industry leader in understanding the deeper plays on the North West Shelf, and has identified great potential within the Permo-Triassic stratigraphy within the newly awarded block.
Carnarvon Petroleum Ltd and partner deepen Roc-2, intersect hydrocarbons
The Roc-2 well has been designed to appraise and test the Roc-1 gas-condensate discovery revealed earlier in the year, and is located within the WA-437-P exploration permit in the North West Shelf.
Carnarvon Petroleum Ltd's Adrian Cook 'extremely pleased' with Roc-2 results
Adrian Cook, managing director, commented: "We have successfully acquired core over the reservoir section and I’m happy to be in a position to confirm today that we’ve encountered hydrocarbons in good quality reservoir sands."
Carnarvon Petroleum Ltd and Quadrant Energy update on Roc-2 drilling
Carnarvon noted that well results to date are similar in nature to those observed when drilling the same formations in the Roc-1 well.
Carnarvon Petroleum Ltd and partner progress well on North West Shelf
The Roc-2 well has been designed to appraise and test the Roc-1 gas-condensate discovery revealed earlier in the year. The well is required to delineate the extent of the Roc field.
Carnarvon Petroleum Ltd and partner update on Roc-2 well
The well is located on Australia’s North West Shelf, and has been designed to appraise and test the Roc-1 gas-condensate discovery revealed earlier in the year.
Carnarvon Petroleum Ltd and Quadrant Energy update on Roc-2 well
The Roc-2 well is located in 100 metres of water, around 160 kilometres north-east of Port Hedland in the Bedout sub-basin of the greater Roebuck basin.
Carnarvon Petroleum Ltd's partner outlines Outtrim East-1 oil discovery
The joint venture partners decided not to complete the full suite of logging activities, believing sufficient information has now been acquired to assess the well results to the extent planned.
Carnarvon Petroleum Ltd: Quadrant Energy updates on Outtrim East-1 well
Carnarvon holds a market value of circa $100 million with $96 million cash, future cash flow up to $44 million and a well carry of $8 million. Carnarvon has two material drilling outcomes within the next 6 months.
Carnarvon Petroleum Ltd to build stratigraphic database of North West Shelf
Carnarvon has appointed MGPalaeo to build a comprehensive stratigraphic database for the North West Shelf. When overlaid with Carnarvon’s existing database it will provide powerful insights into the regional geology.