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Oil & Gas Australia

Carnarvon identifies hundreds of millions of barrels in Dorado follow-up opportunities

HIGH flying Carnarvon Petroleum Limited has identified a number of follow-up targets totalling more than 600 million barrels with the confirmation of the exciting potential associated with this year’s Dorado-1 oil discovery off the north-west coast of Western Australia. Carnarvon, which drilled Dorado-1 in a JV with Santos’ takeover target Quadrant Energy in the underexplored Bedout Basin has now his completed its initial assessment of the follow-up oil prospects that

Premiere Eastern has war chest for Chinese expansion

A CASHED up Premiere Eastern Energy to investigate new growth opportunities in the Chinese market. The ASX-listed Chinese petroleum market specialist recently reported that it has entered 2017 with a strong cash and cash equivalent position of A$126 million. The company that strong balance sheet position will allow it to take advantage of the current difficult oil price environment to seek opportunities to grow revenues. Premiere Eastern said this will