The board of Carnarvon Energy has been overhauled by major shareholders, less than a week after the company put out a succession plan to guide the appointment of new directors.
Carnarvon Energy chair William Foster and director Gavin Ryan will step down from their roles next year, as part of the company's succession and renewal focus.
Carnarvon Energy management has used the company's annual report to vent “personal frustration” over Dorado JV partner Santos' delay in announcing a final investment decision.
The Australian Foreign Investment Review Board has given developer Carnarvon Energy the all clear to offload a portion of its Dorado field project to Taiwan's national oil and gas enterprise.
Carnarvon Energy is waiting on approval from the Foreign Investment Review Board to sell a slice of its Dorado project to Taiwan's national oil and gas enterprise.
Carnarvon Energy shares fell sharply after the explorer and joint venture partner Santos put a final investment decision for a significant WA oil development on ice.
Carnarvon Energy is chasing institutional backing to support its Dorado oil discovery last week, earning newcomer Barrenjoey Markets its second WA deal.
Santos and its junior exploration partner Carnarvon Energy have struck a discovery believed to host 43 million barrels of oil east of Western Australia's Dorado field.
Carnarvon Petroleum plans a $79 million share placement and a $5 million share purchase plan to fund ongoing appraisal activities and initial development phases of its Dorado oil and gas discovery.
Shares in Carnarvon Petroleum have regained some of yesterday's losses, after the oil and gas explorer revealed plans for its lesser known Buffalo project in the Timor Sea.
Carnarvon Petroleum has announced another oil discovery at its Dorado-1 well in the Carnarvon Basin, with the company's share price having more than quadrupled in the past month.
Carnarvon Petroleum has boosted its coffers with a $16 million capital raising to fund drilling at its Buffalo oil field in the North West Shelf, while also announcing a share purchase plan to raise up to $4 million.
Carnarvon Petroleum has acquired a 35 per cent stake in Quadrant Energy's Barrow sub-basin oil project, and has committed $10 million towards a drilling program scheduled for June.
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Perth-based Carnarvon Petroleum says it will invest about $10 million to acquire 3D and 2D seismic data, which will allow the company to expand its search for oil and gas at its Phoenix project off the Pilbara coast.
Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.
Oil and gas exploration company Carnarvon Petroleum has announced a major oil discovery on the North-West Shelf, which it claims represents the largest in Australia for 30 years.
