Carnarvon Energy Limited - Buffalo-10 drilling update

Carnarvon Energy Limited ('Carnarvon') (ASX: CVN) is pleased to provide an update on the Buffalo-10 well.

Progress

The 13 3 /8' casing has been successfully cemented in place and the well head installed. The 12 1/4' hole was drilled down to a depth of approximately 2,707 metres Measured Depth ('MD'), and the rig is preparing operations in order to set and cement the 9 5 /8' liner.

Forward Plan

Set and cement the 9 5 /8' liner and drill ahead in 8 1/2' hole to planned well total depth of approximately 3,500 metres MD. The Elang reservoir is anticipated to be encountered in the 8 1/2' hole section. Wireline logs will be run over the Elang reservoir before determining if the well will be completed and suspended for potential future production.

Comments

For operational efficiency, the 9 5 /8' casing will be set at around 2,700 metres MD, with the geological markers in the 12 1/4' hole section having been intersected within the pre-drill range.

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