Carnarvon Petroleum Limited has secured a 35 percent interest in retention license TR/3 offshore Western Australia, containing the previously discovered Blencathra oil resource, WA-155-P containing the Outtrim-1 oil discovery and WA-486-P.

The objective of this project is to discover and aggregate sufficient oil resources to underpin a field development. Central to this strategy will be the result of the Outtrim East-1 well which will in addition to testing the extent of oil discovered in the Outtrim-1 reservoir, investigate the potential for new oil charged sands to the north and east of the original 1984 well.

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