Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — RIU Resource Round-Up 2026
19 slides from Carnarvon Energy's conference presentation, May 6, 2026
Slide 1: Ready to Meet Australia's Oil Supply Challenge
Ready to Meet Australia’s Oil Supply Challenge RIU Resource Round-Up 2026 6th May 2026 ASX:CVN 1
Slide 2: 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 3: Carnarvon Energy Value Proposition
Carnarvon Energy Value Proposition CVN Share Price History Tier-1 Assets, Medium-term Catalysts & Deep Value 0.30 0.25 0.20 Oil development and Progressing Australia's largest undeveloped exploration assets, A$/share US$90m cost carry offshore oil project with near-term exploration 0.15 and investme
Slide 4: Australia's Oil Supply Crisis
Australia’s Oil Supply Crisis The 2026 Middle East conflict has exposed the Nation’s Oil Supply Vulnerability 2 0 2 6 U P “Energy watch- “Australia “How Australia is navigating R O U N D dog chief warns has never an oil market crisis.” R E S O U R C E Australia, says been more Australia is stitching
Slide 5: Dorado – Proven Australian Barrels
Dorado – Proven Australian Barrels INDIAN OCEAN Maintain low Carnarvon corporate Offshore WA Over 200 million barrels found (2C, Gross), and administration costs PACIFIC Broome OCEAN appraised, tested and primed for development Dampier WESTERN A high quality, shallow water, low CO2, large AUSTRALIA
Slide 6: Dorado – A Project Ready for Development
Dorado – A Project Ready for Development Oil shipping disruptions strengthens the case for large-scale domestic projects like Dorado Dorado Development Two phases: Phase 1: Oil and condensate production, phase 2: gas export or domestic gas options 2 0 2 6 Completed pre-FEED in 2024 with the optimise
Slide 7: Dorado – Advantaged Domestic Barrels
Dorado – Advantaged Domestic Barrels Dorado stands out as Australia’s largest undeveloped offshore oil resource with potential to meaningfully increase nation’s oil supply Potential refined fuels output at 60,000 barrels per day from Dorado’s crude oil1 2 0 2 6 U P Diesel: 835 ML/yr R O U N D Petrol
Slide 8: More Dorados to be Found
Carnarvon’s Bedout Sub-basin acreage position is ~11,000km2 More Dorados to be Found High-impact Bedout drilling campaign scheduled for 1H 2027 has the capacity to double Carnarvon’s current oil resources Northern play fairway hosts the largest identified undrilled prospects within the basin and are
Slide 9: Carnarvon Energy – Ready to Go
Carnarvon Energy – Ready to Go Multiple medium-term price catalysts with Carnarvon currently valued only on cash and its Strike Energy investment High-Impact Offshore Exploration Drilling scheduled to commence in 1H 2027 CVN Share Price History 2 0 2 6 Long lead procurement and environment plan appr
Slide 10: Philip Huizenga
2 0 2 6 U P R O U N D Philip Huizenga R E S O U R C E Chief Executive Officer E: investor.relations@cvn.com.au R I U T: +61 8 9321 2655 Level 2, 76 Kings Park Road, West Perth, WA, 6005 www.carnarvon.com.au 10
Slide 11: Appendices
Appendices R I U R E S O U R C E R O U N D U P 2 0 2 6 11
Slide 12: Bedout Basin Contingent Resources
Bedout Basin Contingent Resources R I U R E S O U R C E R O U N D U P 2 0 2 6 12
Slide 13: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 13
Slide 14: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 14
Slide 15: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 15
Slide 16: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 16
Slide 17: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 17
Slide 18: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 18
Slide 19: Bedout Basin Prospective Resources
Bedout Basin Prospective Resources* 2 0 2 6 U P R O U N D R E S O U R C E R I U * Refer to cautionary statement on slide 8 * Refer to cautionary statement on slide 6 19