From the CEO’s desk
We are Carnarvon Energy, an energy company focused on delivering shareholder value through the energy transition with our thought innovation and ingenuity. Our name change, which shareholders overwhelmingly supported, better reflects the company’s direction in a net-zero 2050 world.
Drilling is on the verge of commencing at our Buffalo-10 well in the Timor Sea, a landmark moment in the project’s development. The team have worked very hard over the past year, through a global pandemic, to bring this project to reality.
Early next year, we will kick off our high-impact Bedout basin exploration campaign with partners Santos. The Pavo and Apus prospects each have company-transforming potential and, together with Buffalo, could triple our liquid resources.
Our world-class, low CO2 Dorado asset continues to step closer to development with a Final Investment Decision scheduled for 2022. The field has the potential to markedly impact the nation’s energy landscape, with an estimated resource of 150mmbbls+.
We also continue to diversify Company revenue streams, with a great deal of work going into our renewable diesel biorefinery joint venture.
Carnarvon has a transformational year ahead with many significant share-price catalysts in the pipeline.