Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Corporate Update (June 2026)
21 slides from Carnarvon Energy's corporate update, Jun 25, 2026
Slide 1: Corporate Presentation
www.carnarvon.com.au ASX: CVN A S X ANN O UNC EMEN T Corporate Presentation 25 June 2026 Carnarvon Energy Limited (Carnarvon) is pleased to provide the attached presentation to be given by Carnarvon’s CEO, Mr Philip Huizenga during today’s investor webinar. The live webinar presentation will be foll
Slide 2: Bedout Exploration Investor Webinar
Bedout Exploration Investor Webinar June 2026 ASX:CVN
Slide 3: Disclaimer
Disclaimer 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 judgment and analysis supporti
Slide 4: Carnarvon Energy Snapshot
Bedout Sub- Carnarvon Energy Snapshot basin INDIAN OCEAN We are an Australian Oil and Gas Explorer and Developer with Tier-1 Assets across Western Australia Broome PACIFIC OCEAN Progressing Australia's largest undeveloped offshore oil Dampier project with over 200 million barrels recoverable resourc
Slide 5: The Bedout Sub-basin
Bedout Sub-basin The Bedout Sub-basin WA-435-P (CVN: 10%) WA-436-P (CVN: 20%) Under explored, world-class exploration potential Phoenix South The Bedout Sub-basin is 300km northeast of the North Carnarvon Basin and 150km north of Port Headland Pavo Carnarvon holds 10-20% equity across ~11,000km2 in
Slide 6: Bedout Sub-basin Mega Merge 3D
Bedout Sub-basin Mega Merge 3D (15,240km2) Zeester 2012 W E B I N A R Capreolus Bedout 2015 E X P L O R A T I O N Mega Merge 2025 Keraudren Extension Phoenix 2021/22 2011 B E D O U T Archer 2021 Keraudren 2019 5
Slide 7: Significant Prospective Resource Growth, 2023-2026
Significant Prospective Resource Growth, 2023-2026* Gross Pmean unrisked prospective resource by permit, Bedout Sub-basin (MMboe) Total resource 2023 2026 (Gross unrisked, Pmean) 3,500 3,233 3,263 3,000 W E B I N A R MMboe in 2023 2,500 6,257 E X P L O R A T I O N 2,000 MMboe MMboe in 2026 1,560 1,5
Slide 8: 2027 Exploration Campaign
2027 Exploration Campaign STO / CVN / CPC JV WA-541-P Unlocking the scale of the Bedout (STO / BP JV) Transocean Equinox semi-submersible Mobile Offshore Drilling Unit (MODU) contracted for the 2027 drilling campaign Three exploration wells in the Santos Bedout exploration campaign: • 1 firm well –
Slide 9: Ara
Ara Ara WA-436-P (CVN: 20%) WA-435-P WA-435-P (CVN: 10%) (CVN: 10%) Primary Objective: Stratigraphic pinch out trap in the Archer Formation ▪ Comparable reservoir age to Dorado Secondary Objective: Late-Triassic Cuvier Member ▪ Fluvial channel belt system, analogous to the Mungaroo Formation, which
Slide 10: Yuma
Yuma Yuma Yuma WA-436-P (CVN: 20%) WA-435-P WA-435-P WA-436-P (CVN: 20%) (CVN: 10%) (CVN: 10%) Testing same stratigraphic pinch-out trap configuration as Ara However deeper and older sand in the Archer Formation Would be materially de-risked by a success at Ara and would act as a fast-following appr
Slide 11: Hutton
Yuma Hutton WA-436-P (CVN: 20%) WA-435-P WA-435-P Hutton WA-436-P (CVN: 20%) (CVN: 10%) (CVN: 10%) Testing the reservoir presence, reservoir quality and charge of the Hutton late-Permian carbonate build-ups Potential to open a new material hydrocarbon play fairway in the Bedout Sub-basin W E B I N A
Slide 12: Goats Eye
Yuma Goats Eye WA-436-P (CVN: 20%) WA-435-P WA-435-P WA-436-P (CVN: 20%) (CVN: 10%) (CVN: 10%) Testing the reservoir presence, reservoir quality and charge of the late-Permian carbonate build-up play Goats Eye Has additional shallower stacked prospectivity in the Late Triassic Cuvier Member W E B I
Slide 13: Dorado – A Tier-1 Project Ready for Development
Dorado – A Tier-1 Project Ready for Development In addition to the exploration, Dorado is a world class project which is ready for development Dorado (and Pavo) Developments Two phases: Phase 1: Oil and condensate production, Phase 2: Gas export or domestic gas options W E B I N A R FEED-ready with
Slide 14: Carnarvon Energy – Ready to Go
Carnarvon Energy – Ready to Go Multiple short & medium-term price catalysts with current share price underpinned by cash and strategic investment CVN Share Price History High-Impact Offshore Exploration 0.30 W E B I N A R ✓ March 2026 – Award support contracts and secure long-lead items ✓ June 2026
Slide 15: Philip Huizenga
W E B I N A R E X P L O R A T I O N Philip Huizenga Chief Executive Officer B E D O U T 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 14
Slide 16: Appendices
CARNARVON ENERGY LTD Appendices
Slide 17: Bedout Basin Contingent Resources
Bedout Basin Contingent Resources B E D O U T E X P L O R A T I O N W E B I N A R 16
Slide 18: Bedout Basin Prospective Resources: WA-435-P
Bedout Basin Prospective Resources* WA-435-P Gross and Net Prospective Resources (10%) Liquids (MMbbls) Gas (Bscf) BOE (MMBOE) Risked W E B I N A R CVN No. Prospect Permit Pg (%) P90 P50 Pmean P10 P90 P50 Pmean P10 P90 P50 Pmean P10 Mean equity Gross Net Gross Net Gross Net Gross Net Gross Net Gross
Slide 19: Bedout Basin Prospective Resources: WA-436-P
Bedout Basin Prospective Resources* WA-436-P Gross and Net Prospective Resources (20% Net) Liquids (MMbbls) Gas (Bscf) BOE (MMBOE) Risked CVN No. Prospect Permit Pg (%) P90 P50 Pmean P10 P90 P50 Pmean P10 P90 P50 Pmean P10 Mean W E B I N A R equity Gross Net Gross Net Gross Net Gross Net Gross Net G
Slide 20: Bedout Basin Prospective Resources: WA-437-P
Bedout Basin Prospective Resources* WA-437-P Gross and Net Prospective Resources (10% Net) Liquids (MMbbls) Gas (Bscf) BOE (MMBOE) Risked CVN No. Prospect Permit Pg (%) Mean W E B I N A R P90 P50 Pmean P10 P90 P50 Pmean P10 P90 P50 Pmean P10 equity Gross Net Gross Net Gross Net Gross Net Gross Net G
Slide 21: Bedout Basin Prospective Resources: WA-438-P
Bedout Basin Prospective Resources* WA-438-P Gross and Net Prospective Resources (20% Net) W E B I N A R Liquids (MMbbls) Gas (Bscf) BOE (MMBOE) Risked CVN No. Prospect Permit Pg (%) P90 P50 Pmean P10 P90 P50 Pmean P10 P90 P50 Pmean P10 Mean equity Gross Net Gross Net Gross Net Gross Net Gross Net G