Carnarvon Energy Limited · ASX:CVN

Carnarvon Energy — Carnarvon Petroleum — Corporate Update (November 2011)

7 slides from Carnarvon Energy's corporate update, Nov 24, 2011

  1. Slide 1: Phoenix update

    Phoenix update 24 November 2011 For personal use only ASX ANNOUNCEMENT Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to provide shareholders with the attached extract from a corporate update prepared by the Operator of the WA-435-P and WA-437-P permits, Finder Exploration Pty Ltd (“

  2. Slide 2: Bedout/Phoenix Summary presentation materials

    WA 435 P to WA 438 P For personal use only Bedout/Phoenix Summary presentation materials 23 November 2011 Opportunity Technology Knowledge People

  3. Slide 3: Bedout Sub-basin Permits Overview

    Bedout Sub basin – WA 435, 436, 437 & 438 P Permits Overview For personal use only • Awarded on 4 August 2009 – Permit Year Three • 50% Finder equity (& Operator) Carnarvon Petroleum (50%) • Large Permits (total 21,720 km2) with water depth ranging from 50 to 265 metres • Low remaining commitments –

  4. Slide 4: Prospects

    Phoenix South (WA 435 P) and Roc (WA 437 P) Prospects WA!436!P 50%* For personal use only WA!435!P Phoenix & 50%* Phoenix Sth Not in closure 12 km2 81 km2 WA!437!P WA!438!P 50%* 50%* 76 km2 3D = ~1,100 km2 Port Headland ©2011 Google – Imagery © Terra Metrics 3D visualisation of the Phoenix 3D seismi

  5. Slide 5: Prospects

    Phoenix South (WA 435 P) and Roc (WA 437 P) Prospects Phoenix!2 Phoenix!1 Keraudren!1 4,000m Phoenix 1, drilled by BP in 1980 For personal use only 4,100m 3,200m •intersected a significant 11% porosity gas column in Mid to Late Triassic sandstones 4,200m 4,300m •gross 767 metre interval – 3,400m 4,1

  6. Slide 6: Low risk – proven gas

    Phoenix South (WA 435 P) and Roc (WA 437 P) Prospects Phoenix!2 Phoenix!1 Keraudren!1 4,000m Low risk – proven gas For personal use only 4,100m 3,200m Phoenix 1 well de risks multi TCF structures, particularly Phoenix South & Roc 4,200m 4,300m extracts from BP’s Phoenix 1 3,400m “Geological Completi

  7. Slide 7: Bedout Development

    Bedout Development Simple, low cost development close to infrastructure For personal use only • Plenty of LNG demand • New build; • Access to recent build; or • Spare capacity in NWSLNG >2020! • DomGas potential plus potential to back out DomGas obligations for LNG players? Phoenix Permits • Only 15

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