August 18, 2014 Four discrete oil columns intersected;
Six light oil samples recovered with API gravity estimates of 46 to 48 degrees;
Permeability measurements indicate productive oil reservoir;
Opens up new oil province in the Bedout Sub-Basin – acreage held by Finder Exploration with material equity.
New oil province offshore Australia confirmed. The Phoenix South-1 well in Exploration Permit WA-435-P is an oil discovery - potentially the most significant new oil play on the North West Shelf since the Enfield discovery opened up the Exmouth Basin 15 years ago.
Please click here
for Carnarvon Petroleum’s ASX announcement with respect to the Phoenix South-1 discovery