Carnarvon Petroleum bids for 2 onshore Thailand blocks

Source: www.gulfoilandgas.com 1/31/2008, Location: Asia

Carnarvon Petroleum announced that it has applied to the Department of Mineral Fuels (“DMF”) in Thailand for concession rights in petroleum exploration and production for two areas described as Blocks L52/50 and L53/50 onshore Thailand in the Surat-Khiensa Basin.

Pearl Oil (Petroleum) Ltd (“Pearl”) has submitted the bid as operator on behalf of Pearl and Carnarvon, each company participating at a 50% equity level.

From the DMF it is known that no other applicants have applied for these blocks.

The L52/50 and L53/50 concessions are located in the Surat Thani province, onshore on the Thailand peninsular. The combined area of the two blocks is large, comprising approximately 6,950 km2 however both are lightly explored, with only two deep wells and limited seismic data available.


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