Carnarvon Energy Reports 92% Increase in Bedout Basin Prospect Resource Inventory
MT Newswires Live
Jun 23
Carnarvon Energy (ASX:CVN) reported a 92% increase in its prospect resource inventory across the Bedout Sub-Basin permits on Australia's North-West Shelf, according to a Tuesday filing with the Australian bourse.
The company said it now estimates gross prospective resources of about 6.26 billion barrels of oil equivalent across 130 prospects, up from 3.26 billion barrels of oil equivalent reported in June 2025.
"This step‑change reflects significantly improved subsurface imaging from the seamless integration of multiple high‑quality seismic surveys within the Mega‑Merge dataset," the company said.
Exploration drilling at the Bedout joint venture is due to start from April 2027, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.