Buffalo-10 Drilling Update

Source: www.gulfoilandgas.com 1/24/2022, Location: Asia

Carnarvon Energy Limited (“Carnarvon”) (CVN) provides the following update on the Buffalo-10 well.

Progress
Since the last report the wireline logging operations have been completed with the oil column deemed to be residual and uncommercial. Forward Plan The well will be left in a safe condition and the rig demobilised.

Carnarvon Energy Managing Director and CEO, Mr Adrian Cook, said:

“The results from Buffalo-10 well are disappointing for the Carnarvon team and shareholders, but now our attention moves to the commencement of the high impact Pavo-1 and Apus-1 exploration wells within the next month in the Bedout basin.

The Buffalo-10 well was drilled offshore Timor-Leste in the TL-SO-T 19-14 PSC in which Carnarvon holds a 50% interest.


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