Carnarvon Petroleum Ltd

Carnarvon Petroleum Roc South-1 exploration well reaches 2,710 metres depth

The well is being drilled offshore from Port Hedland in Western Australia.

– Map of WA-437-P showing the approximate location of Roc South-1
Carnarvon has a 20% interest in WA-437-P

Carnarvon Petroleum Ltd (ASX:CVN) and its partner Santos Ltd (ASX:STO) have drilled down to 2,710 metres at their Roc South-1 exploration well within permit WA-437-P.

As the hole gets deeper, the drill casings get smaller, the 12-1/4" hole section plans to drill down to 4,130 metres before the smaller 9-5/8” casing will need to be used.

The well is exploring for hydrocarbons in the Caley, Baxter, Crespin and Milne Members of the Lower Keraudren Formation.

READ: Carnarvon Petroleum begins drilling Roc South-1 well offshore WA

Carnarvon and Santos recently made a major discovery at the Dorado-2 well located in the same WA-437-P permit.

Shares in Carnarvon are trading up around 40% in the past month, last priced at 57 cents.

Quick facts: Carnarvon Petroleum Ltd

Price: $0.40

Market: ASX
Market Cap: $613.61 m

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