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