Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — RIU Good Oil and Gas Energy Conference 2026
20 slides from Carnarvon Energy's conference presentation, Sep 16, 2026
Slide 1: RIU Good Oil and Gas Energy Conference
www.carnarvon.com.au ASX: CVN A SX A N N OUN CE MENT RIU Good Oil and Gas Energy Conference 16 September 2026 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 Confe
Slide 2: High-Impact Bedout Sub-basin Exploration in 2027
Click to edit Master title style High-Impact Bedout Sub-basin Exploration in 2027 RIU Good Oil and Gas Energy Conference 16 September 2026 ASX:CVN
Slide 3: Disclaimer
Click to edit Master title style 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 subjecti
Slide 4: Carnarvon Energy Snapshot
Bedout Sub- Click to editEnergy Carnarvon MasterSnapshot title style basin INDIAN OCEAN We are an Australian Oil and Gas Explorer and PACIFIC Developer with Tier-1 Assets across Western Australia Broome OCEAN Dampier Progressing Australia's largest undeveloped offshore oil RIU GOOD OIL AND GAS ENERG
Slide 5: Why the Bedout Sub-basin
ClickThe Why to edit Bedout Master Sub-basin title style Under explored, world-class exploration Bedout Sub-basin potential of around 6.3 billion boe1 WA-435-P WA-436-P (CVN: (CVN: 10%) 20%) The Bedout Sub-basin is 300km northeast of the North RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 Carnarvon Ba
Slide 6: Bedout Sub-basin under drilled compared to Exmouth Sub-basin
Bedout Click toSub-Basin edit Master title style Under drilled compared to the analogous liquids rich Exmouth Sub-basin RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 Bedout Sub-basin & Exmouth Sub-basin Creaming Curves Northwest Shelf Exmouth Sub-basin 1,000 Bedout Sub-basin 900 Pyrenees 800 Ara? Goat
Slide 7: Bedout Sub-basin Mega Merge 3D
Bedout Click toSub-basin Mega edit Master title Merge style 3D (15,240km2) Ara prospect RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 Phoenix South Discovery (2014) Roc Discovery Dorado (2016) Discovery Pavo (2018) Discovery (2022) Bedout Mega Merge 2025 6
Slide 8: Significant Prospective Resource Growth, 2023-2026
Click to editProspective Significant Master titleResource style Growth, 2023-2026* Gross Pmean unrisked prospective resource by permit, Bedout Sub-basin (MMboe) Total resource 2023 2026 (Gross unrisked, Pmean) 3,500 RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 3,233 3,263 3,000 MMboe in 2023 2,500 6,
Slide 9: Exploration Campaign 2027
ClickExploration 2027 to edit Master Campaign title style Unlocking the scale of the Bedout, with strong potential for liquids-rich discoveries Transocean Equinox semi-submersible Mobile Offshore RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 Drilling Unit (MODU) contracted in June 2026 for the 2027 ST
Slide 10: Ara Prospect
Click Ara Prospect to edit Master title style Ara WA-435-P (CVN: 10%) WA-436-P (CVN: 20%) Primary Objective: Stratigraphic pinch out trap in the Archer Formation ▪ Comparable reservoir age to Dorado WA-435-P (CVN: 10%) RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 Secondary Objective: Late-Triassic Cu
Slide 11: Dorado – A Tier-1 Project Ready for Development
Dorado Click to –edit A Tier-1 Project Master Ready for Development title style In addition to exploration, Carnarvon holds equity in Australia’s largest offshore oil development project Dorado (and Pavo) Development RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 FEED-ready with pre-FEED work completed
Slide 12: Strike Energy – Onshore Gas and Power
Striketo Click Energy – Onshore edit Master title Gas styleand Power Carnarvon holds a 19.9% strategic investment in Strike Energy Recently announced the unlocking of the West Erregulla Development, a significant RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 onshore resource with a binding head of agr
Slide 13: Carnarvon Energy – Ready to Go
Click to edit Carnarvon Master Energy title to – Ready style Go Multiple short & medium-term price catalysts with current share price underpinned by cash and strategic investment RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 High-Impact Offshore Exploration ✓ March 2026 – Award support contracts and s
Slide 14: Philip Huizenga, Chief Executive Officer
Click to edit Master title style RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 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 13
Slide 15: Appendices
Click to edit Master title style RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 Appendices 14
Slide 16: Bedout Basin Contingent Resources
Click toBasin Bedout edit Master titleResources Contingent style RIU GOOD OIL AND GAS ENERGY CONFERENCE 2026 15
Slide 17: Bedout Prospective Resources WA-435-P
Click toBasin Bedout edit Master titleResources* Prospective style WA-435-P Gross and Net Prospective Resources (10%) 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 Ne
Slide 18: Bedout Prospective Resources WA-436-P
Click toBasin Bedout edit Master titleResources* Prospective style 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 equity Gross Net Gross Net Gross Net Gros
Slide 19: Bedout Prospective Resources WA-437-P
Click toBasin Bedout edit Master titleResources* Prospective style WA-437-P Gross and Net Prospective Resources (10% 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 equity Gross Net Gross Net Gross Net Gros
Slide 20: Bedout Prospective Resources WA-438-P
Click toBasin Bedout edit Master titleResources* Prospective style WA-438-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 equity Gross Net Gross Net Gross Net Gros
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