Carnarvon Energy Limited (ASX:CVN)

ALERT: Price-sensitive ASX Announcement for CVN

Current share price for CVN : $0.095 0 (0%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

28 Jul 2026 8:24AM

Price at Release

$0.095

Full Release

Summary

Carnarvon Energy Limited's Quarterly Activities Report for the period ending 30 June 2026 highlights the company's strategic developments in the Bedout Sub-basin, including the contracting of Transocean Equinox for the 2027 Bedout drilling campaign and significant increases in resource estimates due to the Bedout 3D Seismic MegaMerge project. The company maintains a robust financial position with A$98 million in cash, no debt, and a US$90 million development carry for the Dorado project. The report outlines financing activities, cash flows, and prospective exploration strategies, emphasizing Carnarvon's focus on leveraging its strong financial base to advance exploration and development projects.

Key Points

Transocean Equinox contracted for 2027 Bedout drilling campaign.
92% increase in Bedout JV prospective resources after 3D Seismic MegaMerge.
Strong financial position with A$98 million in cash and no debt.
US$90 million development carry for Dorado project.
Continued focus on energy security and exploration in Bedout Sub-basin.
Estimated gross prospective resources of 6,256 mmboe.
Completion of Bedout Mega-Merge seismic reprocessing project.
Ara well identified as a key target for upcoming drilling campaign.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.