Market News / Story
Carnarvon Energy Sets April 2027 Bedout Drilling Campaign with Ara the Focus
Small Caps ·
Small Caps reports: Carnarvon Energy is preparing for an April 2027 exploration campaign in Western Australia’s offshore Bedout Sub-basin after securing the Transocean Equinox semi-submersible drilling rig. The program includes one firm well and another contingent well across permits operated by Santos , with the Ara prospect emerging as the preferred opening target. Ara carries gross unrisked mean prospective resources of 191 million barrels of oil equivalent (mmboe) and a 37% geological…