Carnarvon's Path to Paradise is Paved With Pavo Aspirations

Abstract

Carnarvon Energy has shifted focus back to its core business of exploration with the spotlight specifically on Pavo, the biggest oil discovery in Australia in 2022 which is located only 40km away from Dorado presenting superb tie-back potential to the latter. Similarly to Dorado, the Pavo-1 well proved the existence of a substantial volume of light oil in excellent quality reservoirs with a gross contingent resources (2C) estimated at 43MMbbl and additional prospective resources at Pavo South of 66MMbbl (Pmean), within the WA-438-P permit in which Carnarvon holds a 20% stake.