Carnarvon Petroleum Limited is pleased to advise that the Atwood Eagle semi- submersible drilling rig has commenced drilling operations at the Phoenix South-1 well within WA-435-P on the North West Shelf of Western Australia.

Drilling is expected to continue for approximately 60-70 days which includes time for logging and testing. Total depth is scheduled to reach a minimum of 4,500m, but could extend to 5,000m depending on the presence of gas below 4,500m.

Managing Director Adrian Cook said, “We’re pleased to have now spud the Phoenix South-1 well and look forward to the results in due course. This well has the potential to be a significant value driver for Carnarvon, but for now we are focused on supporting the Operator, Apache, and continuing with our business of securing new opportunities and sustaining oil production from our assets in Thailand.”

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