Carnarvon Energy Limited (Carnarvon) confirms that the Pavo-1 well has made a material oil discovery in the Caley Member. Light oil has been recovered from excellent reservoirs. The highly porous and permeable sands contain a net pay thickness of 46 metres from within a gross hydrocarbon package of 60 metres.
The results were confirmed when wireline testing was undertaken in the well, after drilling down to around 3,600 metres Measured Depth ("MD") in the 8 ½" hole. This discovery is material because Pavo lies only 46 kilometres from the proposed Dorado production facilities and is expected to be an ideal resource to tie back to Dorado. Subject to the joint venture making a final investment decision (FID) this year, the Dorado production infrastructure is planned to be in-place by the end of 2025 and will have the capacity to tie-in other fields like Pavo with no material increase in operational costs.