Carnarvon Energy Ltd

#ASXNews Carnarvon Energy Ltd is pleased to share its 2024 Annual General Meeting Business Update Presentation, as recently delivered at the Company's AGM. VIEW the Presentation: https://loom.ly/XwNaLjQ #CarnarvonEnergy #oilandgas #energydemand #ASX #MiningAustralia #Investing

Carnarvon Energy Ltd's recent Quarterly Report highlighted key areas of progress for the Company including: • Progress continues to be made on the Dorado Phase 1 liquids development project. • Assessment of FPSO options ongoing. • Technical studies to support FEED re-entry are expected to be completed in the December quarter towards a targeted Final Investment Decision (FID) in 2025. • Experienced industry executive, Susan Jones, was appointed to the Board as a Non Executive Director. William (Bill) Foster retired from the Board at the end of the reporting period. • Strong Balance Sheet maintained with A$177 million cash, no debt, and US$90 million Dorado development free carry. READ the full Report: https://loom.ly/K2Ij5Hs #CVN #CarnarvonEnergy #Investing

Carnarvon’s 2024 Annual Report to shareholders, highlighted key operational and financial progress for the Company over the 2024 Financial year. #CVN's CEO, Philip Huizenga, commented: “Over the past year there have been changes to the board and management at Carnarvon, along with a refresh of our strategic objectives, but Carnarvon’s commitment to developing Dorado and continuing with exploration in the Bedout Sub-basin offshore Western Australia has remained constant.” LEARN MORE https://loom.ly/x_Srv2c #CarnarvonEnergy #energydemand #ASX #MiningAustralia #Investing

Carnarvon Energy Ltd's Sustainability Report outlines the ESG approach and efforts of Carnarvon for the year ending 30 June 2024. #CVN is committed to transparency in its sustainability reporting and to continuous improvement in ESG disclosures across material areas of impact. Comments from Will Barker, Chair Risk, Governance, and Sustainability (RGS) Committee in the Report: “Carnarvon is continuing to develop its approach to sustainable development by working with its joint ventures, particularly with regards to environmental, health and safety practices. This ensures the business is more resilient through the energy transition. “In-line with Carnarvon’s approved Carbon Offset Strategy, we developed a ‘carbon bank’ over the year via the acquisition of ACCUs on-market. These ACCUs are intended to offset future emissions from the Dorado production facilities in accordance with the relevant regulatory requirements under the Safeguard Mechanism. Based on Carnarvon’s calculation, the Company has acquired ACCUs to cover the first 3-5 years of production under the Safeguard Mechanism. Carnarvon also offset all its Scope 2 emissions from its corporate office consistent with previous years. “The RGS Committee remains integral in overseeing ESG matters for the company, and providing the necessary leadership to ensure Carnarvon meets all its obligations in this area as we advance towards development and future production. “I look forward to continuing to work with my fellow RGS Committee members, the Board and Carnarvon staff to maintain Carnarvon’s strong culture focused on protecting the health and safety of our workforce, safeguarding the environment, and working positively with our partners and the communities in which we operate.” Read the full 2024 Sustainability Report: https://loom.ly/-pFDHCg #ESG #CarnarvonEnergy #energydemand #ASX #MiningAustralia #Investing

via Proactive CARNARVON ENERGY MAKES PROGRESS ON DORADO DEVELOPMENT AND FINANCIAL STABILITY DURING QUARTER The September quarterly activities for Carnarvon Energy Ltd (ASX:CVN) involved momentum on its flagship Dorado Phase 1 liquids development project, a key appointment to its board and a strong cash position. Dorado development Progress continued on the Dorado WA-64-L project, where Carnarvon holds a 10% interest with Santos as the operator at 80%. Dorado, 150 kilometres off the coast of Western Australia, is the nation’s largest undeveloped oil field. The project targets include an initial Phase 1 liquids extraction phase followed by a Phase 2 gas export phase. READ the full Article: https://loom.ly/KD0Nowg #CarnarvonEnergy #media #oilandgas #energydemand #ASX #MiningAustralia #Investing #proactive

#ASXNews Carnarvon Energy Ltd is pleased to provide an update on the Company’s activities and financial position as at 30 September 2024. QUARTER HIGHLIGHTS➖ 🔹 Progress continues to be made on the Dorado Phase 1 liquids development project. 🔹 Assessment of FPSO options ongoing. 🔹 Technical studies to support FEED re-entry are expected to be completed in the December quarter towards a targeted Final Investment Decision (FID) in 2025. 🔹 Experienced industry executive, Susan Jones, was appointed to the Board as a Non- Executive Director. William (Bill) Foster retired from the Board at the end of the reporting period. 🔹 Strong Balance Sheet maintained with A$177 million cash, no debt, and US$90 million Dorado development free carry. #CVN's CEO, Philip Huizenga, commented: “Whilst we eagerly anticipate FEED re-entry for the Dorado Project during the next quarter, we are encouraged by the ongoing progress being undertaken with respect to the various technical studies that are supporting the conceptual re-shaping of the initial liquids’ development project. "As noted previously, the re-shaping has allowed the Joint Venture development team to assess various options for the key infrastructure, which continued during the quarter. With FEED re-entry anticipated for the December quarter, expected to build on the extensive work already undertaken, we look forward to the Joint Venture being able to progress the project towards FID, which is targeted in 2025. Finally, I would like to welcome Susan Jones to the Company as a Non-Executive Director. Susan’s experience will be a valuable addition to the Board as it drives Carnarvon’s strategic directives, especially with respect to entering FEED and progressing to FID. I would also like to thank Bill Foster for his significant contributions to the Company over the past fourteen years.” VIEW the Report: https://loom.ly/K2Ij5Hs #Shareholders #Investing #CarnarvonEnergy #oilandgas #energydemand #ASX #MiningAustralia #Investing

#ASXNews Carnarvon Energy Ltd is convening its Annual General Meeting of shareholders on Friday 15 November 2024 at 10:00am (AWST) at The Celtic Club, 48 Ord Street West Perth, WA. The notice convening the Meeting and other meeting documents are available on the website. VIEW the Announcement: https://loom.ly/yn9EbD8 #Shareholders #AGM #CarnarvonEnergy

Carnarvon Energy Ltd have interests in the world class Dorado and Pavo #oil and condensate developments in the Bedout Basin, located on the North-West Shelf, offshore Western Australia. Combined, these fields are the largest undeveloped oil and condensate discoveries offshore Australia. #CVN is now progressing Dorado and Pavo towards a landmark development while continuing to explore the highly prolific Bedout Basin and unlock the significant value it contains. Dorado, the associated satellite fields and future potential oil and gas discoveries in the Bedout Basin, will ensure energy security domestically, and provide a much-needed source of new supply for our energy-hungry neighbours in Asia for many years to come. Discover more from #CVN: https://loom.ly/x_Srv2c #CarnarvonEnergy #ASX #gas #energy

The Dorado Project, located within the highly prospective bedout sub-basin offshore to the north of Western Australia, is building energy security for Australasia through an integrated #energy development. Carnarvon Energy Ltd holds an interest in the Dorado discovery, with operator Santos Ltd. Project Highlights: ▪ One of Australia’s largest undeveloped conventional energy resource projects ▪ Shallow-water development (~100m water depth) ▪ Phase 1, light-sweet crude and condensate recovery, is progressing towards FID in 2025 ▪ Topsides to consist of an FPSO and a wellhead platform ▪ During Phase 1 the liquids are produced, and the gas is recycled, maximising ultimate liquids recovery and preserves #gas resource in the subsurface for Phase 2 gas export. Learn more: https://loom.ly/c3OBGnk

Carnarvon Energy Ltd is an #energy explorer and developer with assets centred in the highly prospective Bedout sub-basin located on the North-West Shelf, offshore Western Australia. This sub-basin holds the largest undeveloped #oil and condensate discoveries offshore Australia. #CVN has built a portfolio of world class development projects, including its flagship world-class Dorado integrated energy project, estimated to hold about 162 million barrels of light #oil and condensate, on a gross 2C basis. Discover more: https://loom.ly/c3OBGnk #CarnarvonEnergy #ASX #mining #exploration