
Carnarvon Energy Sets April 2027 Bedout Drilling Campaign with Ara the Focus
Carnarvon Energy locks in a rig for April 2027 Bedout drilling, targeting Ara, a 191-million-boe prospect with a 37% geological chance of success.

Carnarvon Energy is an independent oil and gas exploration and production company listed on the ASX (CVN). They focus on the Bedout Basin, offshore Western Australia, with interests in the Dorado and Pavo oil and condensate developments, which are the largest undeveloped discoveries offshore Australia. The company aims to provide energy security and supply to domestic and international markets.
Carnarvon Energy (ASX:CVN) has 0.09% of its shares on issue reported as short positions as of 5 Oct 2026, or about 1,688,385 shares. Over the past 30 days that figure has been broadly flat, and over 90 days it has been broadly flat. Its highest recorded short interest was 5.77% in May 2020. CVN is classified in the Energy industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.
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Carnarvon Energy locks in a rig for April 2027 Bedout drilling, targeting Ara, a 191-million-boe prospect with a 37% geological chance of success.
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Highlights Carnarvon Energy released its annual report last week, showing a small net loss for the year to June after a modest profit a year earlier. The explorer has contracted a semi-submersible rig for a Bedout sub-basin drilling campaign due to start next year. Its share of drilling costs is planned to be funded from existing cash, with no debt on the balance sheet. Carnarvon Energy (ASX:CVN) has published its annual report for the year to June, revealing a small net loss compared with a ...
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Highlights Carnarvon Energy used a conference presentation last week to outline its path to renewed Bedout Sub-basin drilling from next autumn. A drilling rig is contracted, environmental approvals are on track and budgets and well sequencing are due to be finalised in the December quarter. The company also carries a stake in the Dorado oil project, a strategic investment in Strike Energy and a debt-free balance sheet. Carnarvon Energy (ASX:CVN) is in focus today after using an energy confere...
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