Carnarvon updates Phoenix South-1 well operations

Offshore staff

WEST PERTH, Western Australia – Carnarvon Petroleum Ltd. (ASX:CVN) reports that the operator of the Phoenix South-1 well, Apache Energy, has advised that the Atwood Eagle drilling rig is expected to be mobilized to the Phoenix South-1 well by May 15. The well is in WA-435-P, offshore Western Australia.

The equity interest holders (upon satisfaction of the farm-in agreement terms) are Carnarvon Petroleum, 20%; Apache Energy (operator), 40%; JX Nippon, 20%; and Finder Exploration, 20%.

05/13/2014