Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — RIU Good Oil and Gas Energy Conference 2025
22 slides from Carnarvon Energy's conference presentation, Sep 10, 2025
Slide 1: RIU Good Oil and Gas Energy Conference
A S X ANN O UNC EMEN T RIU Good Oil and Gas Energy Conference 10 September 2025 Carnarvon Energy Limited (Carnarvon) is pleased to provide the attached presentation to be given by Carnarvon’s CEO, Mr Philip Huizenga, today at the annual RIU Good Oil and Gas Energy Conference. Investors Media Alex Do
Slide 2: Poised to unlock the Bedout's deep value
Poised to unlock the Bedout’s deep value RIU Good Oil 2025 Presentation 10 September 2025 ASX: CVN
Slide 3: Disclaimer
Disclaimer P R E S E N T A T I O N Contingent and prospective resources Forwarding looking statements The resource estimates outlined in this presentation are based on and fairly represent information and This presentation contains certain “forward looking statements” which involve subjective judgme
Slide 4: Snapshot of Carnarvon Energy
Snapshot of Carnarvon Energy P R E S E N T A T I O N We are an Australian energy company exploring and developing the resource rich Bedout Sub-basin, offshore Western 2 0 2 5 Australia O I L We are actively exploring one of Australia’s most G O O D prospective oil and gas basins with the next well e
Slide 5: Our Strategic Focus
Our Strategic Focus P R E S E N T A T I O N Maximise value from the Company’s asset base CVN Bedout Permits Continue to investigate options and work with joint Maintain low corporate 2 0 2 5 venture to accelerate development Monitor XRG progress on the potential Santos takeover INDIAN and administra
Slide 6: The Bedout Sub-Basin's Immense Potential Remains Untapped
The Bedout Sub-Basin’s Immense Potential Remains Untapped P R E S E N T A T I O N Significant prospectivity and running room with over 130 identified prospects and leads across multiple structural play types 2 0 2 5 Proven oil and gas province with one of Australia’s most prospective exploration por
Slide 7: Bedout Exploration Definition Progressing
Bedout Exploration Definition Progressing P R E S E N T A T I O N New seismic data sets further derisking the Bedout sub-basin ▪ Bedout Seismic Mega Merge Project completed earlier this year ▪ Seamless high-resolution Seismic and advanced QI dataset of ~15,700km² incorporates 10 high-quality 3D’s ▪
Slide 8: 2026 Drilling targeting Northern Play Fairway
2026 Drilling targeting Northern Play Fairway P R E S E N T A T I O N Northern play fairway hosts the largest identified prospects within the basin 2 0 2 5 The 2026 drill campaign will test the same play system as Dorado et al and potentially new play types O I L Finalisation of 2026 well location b
Slide 9: Australia's Largest Undeveloped Offshore Oil Resource
Australia’s Largest Undeveloped Offshore Oil Resource P R E S E N T A T I O N ~200 million barrels gross 2C between the Dorado and Pavo discoveries 2 0 2 5 Dorado Development O I L G O O D Two phases: Phase 1: Liquids production, phase 2: gas export Completed pre-FEED in 2024 with the optimised deve
Slide 10: Strike Energy Investment: Strategic Pivot
Strike Energy Investment: Strategic Pivot P R E S E N T A T I O N The strategic review evaluated a wide range of strategic options to realise value for Carnarvon shareholders, culminating in a strategic investment into Strike Energy Ltd 2 0 2 5 Transaction Details O I L Invest up to $89 million in S
Slide 11: Strike Energy Investment: Strategic Rationale
Strike Energy Investment: Strategic Rationale P R E S E N T A T I O N Why Carnarvon’s Investment in Strike Energy “ was considered the best strategic option Strategic Positioning into a Tightening Energy Market 2 0 2 5 Exposure to Western Australia’s looming energy supply shortfall where Perth-basin
Slide 12: Carnarvon Energy – Deep Latent Value
Carnarvon Energy – Deep Latent Value P R E S E N T A T I O N 3 Sept 2025 World-class asset portfolio with significant 10.5cps upside Compelling project economics with cost-effective 2 0 2 5 development concepts for the Dorado and Pavo discovered resources O I L High-impact Bedout exploration drillin
Slide 13: Philip Huizenga
Philip Huizenga Chief Executive Officer E: investor.relations@cvn.com.au T: +61 8 9321 2655 Level 2, 76 Kings Park Road, West Perth, WA, 6005 www.carnarvon.com.au
Slide 14: Appendices
CARNARVON ENERGY LTD Appendices
Slide 15: Contingent Resources
Bedout Basin Contingent Resources R I U G O O D O I L 2 0 2 5 P R E S E N T A T I O N 14
Slide 16: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 15
Slide 17: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 16
Slide 18: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 17
Slide 19: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 18
Slide 20: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 19
Slide 21: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 20
Slide 22: Prospective Resources
Bedout Basin Prospective Resources* P R E S E N T A T I O N 2 0 2 5 O I L G O O D R I U * Refer to cautionary statement on slide 5 * Refer to cautionary statement on slide 6 21
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