Buffalo project update

Tuesday 30 November 2021

Carnarvon Energy Limited (“Carnarvon”) (ASX:CVN) provides the following update on the Buffalo project.

The Carnarvon operations team is ready to receive the Valaris JU-107 jack-up rig to commence drilling at the Buffalo-10 well-site. Logistics teams are in place, and all appropriate support services and equipment have been contracted. The last remaining regulatory approvals are expected prior to receipt of the rig.

Carnarvon understands the Valaris JU-107 is in the final stages of its current operations with the previous operator, with rig handover expected within the next two weeks.

Carnarvon Managing Director and CEO, Mr Adrian Cook, said:

“The team at Carnarvon are looking forward to receiving the rig and commencing drilling of the Buffalo10 well. We will provide updates as drilling progresses and I look forward to being able to share the Buffalo-10 well results with our shareholders early in the new year.”

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