Carnarvon Petroleum Completing Technical Work on Cerberus Blocks Off WA

Also immediately to the north of Cerberus is the Stag Oil Field, which has an estimated 125 million barrels of oil originally in place at a depth of approximately 2,297 feet (700 meters).

To the west of the Cerberus Blocks, the Barrow Island oil field has produced over 300 million barrels of oil since its discovery in 1964, whilst the Harriet oil and gas fields have produced over 75 million barrels of oil and almost 400 billion cubic feet (Bcf) of gas.

The Cerberus Blocks are located in an iconic hydrocarbon region and have the potential to host a number of similar sized oil fields as in the neighboring blocks.

Large Oil Targets

Early resource analysis indicates meaningful volume estimates for a number of well-defined prospects and leads.

In particular the Belfon (Upper Permian) and Honeybadger (Early Triassic) prospects are estimated to contain significant volumes of recoverable oil.

Detailed analysis is ongoing to refine these prospect volume estimates and further updates are planned to provide shareholders with this information in due course.

The Honeybadger prospect is defined as a middle slope turbidite channel complex, expected to be filled with high net-to-gross sands.


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