Report from the Rig with George Mills

Our Buffalo-10 drilling campaign in the Timor Sea is now well underway. This week we checked in with geoscientist George Mills on his maiden rig deployment with Carnarvon to give readers a glimpse of what life is like on Valaris JU-107 as drilling progresses. Read his report below: Surrounded by thousands of kilometres of ocean and a long way from Australian soil, the Valaris JU-107 makes for an impressive sight in the Timor Sea when you arrive by helicopter. Jacked

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From the CEO’s desk

Carnarvon has capped off an incredible year by announcing the commencement of operations for the Buffalo project. The Carnarvon team, along with our drilling and project partners, have put a lot of work into preparing for the Buffalo-10 well, which is set to spud in coming days. It’s incredible to think that in 2016 we acquired the permit containing the Buffalo field, which was previously developed by BHP and produced for five years up to 2004. Based on reprocessed seismic

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Qantas announcement sends strong message to alternative fuel suppliers

Earlier this month Qantas announced it’s looking towards sustainable fuel alternatives to power its fleet of aircraft, with a deal to buy 10 million litres of biofuel from BP in the wings. More airlines switching to sustainable aviation fuels is good news for Carnarvon’s renewable diesel joint venture with Frontier Impact Group. The JV’s technology which produces renewable diesel from waste woody biomass can be upgraded to produce sustainable aviation fuels. While this isn’t the primary objective of our Australian

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Introducing Ivan Tsalis – Junior Petrophysicist

Having a passion for maths, rocks and crunching numbers from a young age, Ivan always knew becoming a petrophysicist was in the pipeline for him. Completing his Bachelor of Engineering with a focus on petroleum at Curtin University to landing work experience at Carnarvon Energy, he took on the role as Junior Petrophysicist with the Company in 2016. Based at the West Perth head office, Ivan supports the lead engineer completing calculations, petrophysical interpretations and analysis for a variety of

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Bedout Basin in focus

At Carnarvon Energy’s November AGM experienced industry explorationist Terry Walker gave an in-depth presentation about the prospectivity of the Bedout Basin. Located in shallow North West Shelf waters 100km north of Port Hedland, Carnarvon holds the Bedout Basin acreage in a joint venture with Santos. Already ‘proven’, with about 200 million barrels of liquids and 1.1 trillion cubic feet of gas discovered to date, drilling of two high impact wells in the basin – Pavo-1 and Apus-1 – will occur

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Introducing Angelo Lay – Timor Leste Country Manager

With the Buffalo-10 well drilling campaign about to start, activity in Carnarvon’s Timor Leste office is ramping up – and so is recruitment. Housed in the Timor Plaza building in the Dili District of Comoro, Timor Leste Country Manager Angelo Lay has spent a fast-paced six months preparing for the campaign and is ready for things to get busier. The Timorese local, who lives in nearby Culuhun with his wife and two children, said his 14 years working in the

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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

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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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