The purchase increase Moore’s holding in the company to 320,232 shares and 500,000 unlisted options.
Carnarvon recently completed a positive initial assessment of follow-up prospects to the highly successful oil discovery at the Dorado-1 well offshore Western Australia.
Three prospects – Roc South, Pavo and Apus – have been estimated to contain significant quantities of oil, gas and condensate.
Dorado-1, for which volumetric results estimate a gross contingent resource of 283 million barrels of oil equivalent (MMboe), including 171 million barrels of light oil, has unlocked a new play type.
Carnarvon is also advancing plans to drill the Buffalo oilfield redevelopment project in Timor-Leste territorial waters in the third quarter of 2019.
Last month the company mobilised a team to undertake field surveillance in the area of the proposed redevelopment.
This work was carried out to determine potential future surface locations for wells, the platform and flowline to a Floating Production, Storage and Offloading vessel (FPSO).