Upcoming Carnarvon Petroleum AGM

The 2021 Annual General Meeting will be held on Friday 12 November 2021 at Meeting Room 1 & 2, Perth Convention and Exhibition Centre. Read AGM Notice and Proxy Form here

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Buffalo-10 spud on schedule

Preparation to spud the Buffalo-10 well is continuing, with the Valaris JU-107 jack-up rig which is currently working in the Timor Sea. With a significant recoverable volume of resource – mid case is estimated to be 31 million barrels – and a low minimum economic field size there is strong likelihood this redevelopment will confirm a sanctionable economic project for Carnarvon and our joint venture partner Advance Energy. With site surveys confirming the location is suitable for drilling activity, it

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Sustainability Report 2021

The Company was pleased to release our 2021 Sustainability Report last week, outlining our Environment, Social and Governance (ESG) performance last financial year and our growing commitment to ESG outcomes in the future. Carnarvon achieved significant milestones last year and we are happy to report our 2022 goals include: Progressing our biorefining joint ventureAssessing other value accretive renewable energy investmentsBuilding a diverse, ethical and experienced board and senior leadership with robust succession planningEnsuring a company culture that values employeesProviding procurement

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Meet Roisin McGee

Roisin was one of only two women in her university class while studying geophysics in the United Kingdom. Naturally drawn to the thrill of problem-solving and the excitement of searching for the next big oil deposit, Roisin started her career as a junior geoscientist at the petroleum consulting firm GaffneyCline. She worked for the Company in Bentley before stepping up as a development geophysicist at Statoil (Equinor) in Bergen, Norway. In 2013 Roisin moved to Australia and stumbled across an

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Quarterly Report released

Carnarvon’s quarterly was released last week, outlining our developments in Q1 2021-22. Features include: the secured Dorado FEED contracts, anticipated drilling campaign commencement for Buffalo-10 and news on exploration activity in the Bedout Basin, prospects in the Vulcan sub-basin and new permits awarded in the Barrow sub-basin. Read the full report here

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From the CEO’s Desk

Carnarvon has enjoyed another month of positive progress across its portfolio of projects as we sail into the second quarter of the financial year. In tandem with the release of our high-resolution Annual Report last week, our second Sustainability Report went live.  The latter recognises our company’s growing focus on Environment, Social and Governance outcomes, highlighting our performance in 2021 and mapping our goals to achieving even more in this space moving forward. Those documents, along with our Q1 Quarterly

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Dorado project to help Australia maintain major condensate supplier status in Asia

Carnarvon is looking forward to adding to Australia’s ultra-light crude supply pool with the Front End Engineering and Design (FEED) progressing for its premier Dorado project. FEED contracts were awarded for the project’s Floating Production, Storage and Offloading (FPSO) and Well Head Platform to Altera Infrastructure and Sapura Energy last month. These contracts are significant milestones for the Dorado liquids project development, which will have an initial production rate of up to 100,000 bbl/d commencing 2026. An S&P Platts report

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Rig contract signed for Buffalo-10 well, drilling commencing in November 2021

On 1 September 2021, we announced that we had secured the Valaris JU-107 jack-up drilling rig for the Buffalo-10 well. Once the rig completes its current drilling operations for Jadestone, it will move ~300km across to the Buffalo-10 well location. Buffalo-10 will be targeting the undrained attic and remaining oil columns in the Elang formation. The remaining recoverable 2C resource estimate is 31 mmbbl on a gross basis. At this stage, the timeframe for spudding the well is early November

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Carnarvon kicks off 2021 RIU Good Oil Gas Energy Conference

Carnarvon’s Chief Financial Officer Thomson Naude took center stage at this year’s RIU Good Oil Conference. Good Oil is Australasia’s preeminent oil and gas investment conference for junior and emerging ASX-listed exploration and production companies. This year’s event attracted around 350 delegates and 25 exhibitors. Thomson was the first of more than 20 speakers representing different upstream oil and gas companies. Central to Thomson’s presentation was the upcoming drilling campaign starting in November 2021 with Buffalo-10, followed by high-impact Bedout

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From the CEO’s desk

Last week we released our 2020-21 Annual Report capping off an exciting year of progress for the Dorado field development, the Buffalo field redevelopment and further exploration initiatives in the highly prospective Bedout basin.  It also outlines our Net Zero by 2050 commitment, which has formed the basis for an exciting new joint venture with Frontier Impact Group. The joint venture will be developing a commercial and scalable renewable fuels business right here in Western Australia. Forbes commented on the strengthening oil market with prices having several strong weeks of

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