Dorado-1 Oil Discovery
Wednesday 18 July 2018
Carnarvon Petroleum Limited confirms that the QuadrantCarnarvon Joint Venture has made a significant oil discovery in the Caley Member as part of the current Dorado-1 well drilling campaign.
Light oil has been recovered from excellent reservoir containing a gross hydrocarbon package of 96.1 metres and a net pay thickness of 79.6 metres in highly porous and permeable sands.
The results were confirmed after wireline testing was undertaken at the Dorado-1 well, after it drilled down to around 4,044 metres Measured Depth (“MD”) MD in 8-1/2” hole. Currently the well is still in a hydrocarbon bearing column.
Carnarvon Managing Director Adrian Cook said the result is transformational for the company.