Buffalo-10 drilling update
Monday 24 January 2022
Carnarvon Energy Limited (“Carnarvon”) (ASX:CVN) provides the following update on the Buffalo-10 well.
Progress
Since the last report the wireline logging operations have been completed with the oil column deemed to be residual and uncommercial.
Forward Plan
The well will be left in a safe condition and the rig demobilised.
Carnarvon Energy Managing Director and CEO, Mr Adrian Cook, said:
“The results from Buffalo-10 well are disappointing for the Carnarvon team and shareholders, but now our attention moves to the commencement of the high impact Pavo-1 and Apus-1 exploration wells within the next month in the Bedout basin.