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Carnarvon Petroleum provides Dorado-1 rig update

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Oilfield Technology,

Carnarvon Petroleum Limited has provided the following update on the Dorado-1 well that is to be drilled in the WA-437-P exploration permit using the Ensco-107 jack-up drilling rig.

The rig is currently situated near the proposed Dorado-1 drilling location, at no cost to Carnarvon, and is waiting for swell conditions to subside to enable the rig to move onto the drilling location.

Once on location the legs will be jacked down onto the seafloor and the rig prepared for commencement of drilling. The Company is simultaneously drilling the Phoenix South-3 well in the adjacent WA-435-P permit using a semi-sub rig. This well is currently setting casing at 3733 m (measured depth) before drilling ahead to the Caley formation target at around 5300 m.

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