Carnarvon Petroleum ‘in very strong financial position’ to accelerate its three core project areas

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Carnarvon Petroleum ‘in very strong financial position’ to accelerate its three core project areas

Carnarvon Petroleum Limited’s (ASX:CVN) Adrian Cook tells Proactive’s Andrew Scott they’re running three key platforms within the business – the Dorado stage 1 oil field development, the exploration acreage around Dorado which he says has the potential to double the size of the Dorado resource, and thirdly, a former oil field that BHP drilled, discovered and produced from and that they’re progressing towards a drill program ideally next year. Cook says Carnarvon and the Dorado joint venture have continued progress on the landmark Dorado field with the project now close to finalising the pre-Front End Engineering Design phase.

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