| Outtrim Block | Basin | Area sq km | CVN | Santos |
| WA-155-P (1) | Carnarvon | 207.3 | 28.50% | 71.5% * |
* Denotes Operator
This project illustrates the mutual confidence and strong relationship between Carnarvon and Quadrant Energy, as well as underpinning our focus on North West Shelf oil and gas exploration. The opportunity provides us with tremendous upside potential for a relatively modest investment, and represents another step forward in our strategy to position Carnarvon for a recovery in oil prices