Carnarvon Petroleum Limited (ASX:CVN) (OTCMKTS:CVONF) provides the following update on its upcoming drilling program as advised by the operator, Quadrant Energy.
Carnarvon Petroleum Limited
Carnarvon has an extensive acreage position in the North West Shelf of Western Australia, with equity positions in 12 blocks covering a total area of 36,000 km2 at varying interest levels. Carnarvon has discovered oil, gas and condensate at the Roc and Phoenix South structures and is working with partner Quadrant Energy on bring those to commercialisation.
Carnarvon Petroleum (ASX:CVN) (OTCMKTS:CVONF) had made what is potentially the largest and most significant oil discovery in Australia in the past 30 years with the Phoenix South-1 well in Western Australia's North West Shelf.
VIDEO PPR-TV: Carnarvon Petroleum (ASX:CVN) CEO Adrian Cook On the Most Significant Oil Discovery In Australia in 30 Years
Carnarvon Petroleum (ASX:CVN) (OTCMKTS:CVONF) recently announced the Phoenix South-1 well on Western Australia's Northwest Shelf had made the largest and most significant oil discovery in Australia in the past 30 years. The operator of the well, Apache Energy, have estimated the oil in place could be between 30-300 million barrels of oil
Asian Activities Report for October 12, 2011: Fortescue Metals Group (ASX:FMG) Increases Total Iron Ore Resource Inventory to 11.42 Billion Tonnes
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Asian Activities Report for July 14, 2011: Aura Energy (ASX:AEE) Announce 50 Million Pounds of Initial Uranium Resource in Mauritania
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Australian Market Report of January 7, 2011: China Yunnan Copper Australia (ASX:CYU) Discovered Significant Heavy Rare Earth Element in Queensland
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