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Carnarvon Eyes 2027 Drilling Upside with $98M Cash and Strike Stake

8:36am on Friday 23rd of January, 2026 AEDT Energy
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Carnarvon Eyes 2027 Drilling Upside with $98M Cash and Strike Stake

8:36am on Friday 23rd of January, 2026 AEDT
Key Points
  • Bedout Sub-basin drilling planned for H1 2027 targeting large new prospects
  • Strong balance sheet with $98 million cash and no debt
  • 19.9% strategic equity stake in Strike Energy secured
  • Enhanced seismic data improves resource prospectivity across permits
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