Carnarvon Energy Ltd (ASX:CVN) CEO Adrian Cook tells Proactive the company is taking steps to unlock further oil and gas resources in the Bedout Sub-basin offshore Western Australia with evaluation of 3D seismic data resulting in an unrivalled spread of highly attractive prospects. The interpretation work has led to the joint venture (JV) targeting five strategic prospects containing a combined material resource of 623 million barrels of oil equivalent (gross, unrisked Pmean). He says they’ve been strategically selected for their potential to build resource scale, de-risk significant prospectivity within nearby clusters and strengthen a number of development opportunities.
Carnarvon targeting five substantial new Bedout prospects
