Highlights
ASX: CVN       CARNARVON PETROLEUM LIMITED
Last Price Today's Change   Day's Range   Trading Volume
0.24   -0.01 (4.00%)  0.24 - 0.255  1,628,006

Overview

 
Avg Volume (4 weeks):2,415,854
4 Weeks Range:0.217 - 0.28
4 Weeks Price Volatility (%):
36.51%
52 Weeks Range:0.11 - 0.39
52 Weeks Price Volatility (%):
46.43%
Average Price Target: 0.28
Price Target Upside/Downside: +0.04

Headlines



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Business Background

Carnarvon Petroleum Limited is engaged in oil and gas exploration, development and production. The Company's Phoenix Project consists of four exploration permits, including WA-435-P, WA-436-P, WA-437-P and WA-438-P, which covers an area of over 22,000 square kilometers in the northwestern region of the Bedout sub-basin within the greater Roebuck Basin. Its Cerberus Project has prolific oil producing exploration permits, such as EP-490, TP/27 and EP-491. It focuses on two hydrocarbon accumulations, which include Wandoo Oilfield and Stag Oilfield. The Wandoo Oilfield is located approximately 50 kilometers to the north with its primary reservoir at a depth of approximately 600 meters in the Early Cretaceous M.australis Sandstone. The Stag Oilfield is located approximately 20 kilometers to the north with its primary reservoir at a depth of approximately 700 meters. Its Buffalo Project includes Buffalo Oil Field and the undeveloped oil discoveries in the Bluff-1 and Buller-1 wells.

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