Carnarvon Petroleum Limited (“Carnarvon”) is a Perth based company listed on the Australian Stock Exchange (CVN). The Company’s principal activity is oil and gas exploration and production.
Carnarvon’s objective is to create value from the production and exploration opportunities in its 40% interest in the Phetchabun Basin oil fields and exploration concessions in Thailand.
Together with joint venture partner and operator, Pan Orient Energy Corp. (TSX:POE), Carnarvon is undertaking an extensive work programme including 3D seismic and a mix of development, appraisal and exploration wells to fully evaluate and test these fields.
Carnarvon, as operator has an active exploration programme running in its L2050 concession, as well as participating in two seperate joint ventures on the NWS Australia
The longer term objective is to build Carnarvon’s asset base from exploration success and cash flow self sufficiency and be widely recognised for excellent technical credentials. At the same time as Carnarvon develops its Thai interests new exploration and development opportunities are being actively canvassed with a principal focus on oil prolific basins in Asia and Australia.