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Carnarvon Energy Limited ( (AU:CVN) ) has provided an announcement.
Carnarvon Energy Limited, in collaboration with its Bedout Joint Venture partners, has successfully completed the Bedout Mega-Merge seismic reprocessing project, significantly advancing subsurface imaging and exploration potential in the Bedout Sub-basin. This project, which integrates 10 seismic surveys over 15,240km², provides a high-resolution dataset that will guide the selection of exploration targets for 2026 and enhance the definition of the prospective resource base. The company is also progressing with the Environmental Plan for multi-well drilling, with operations expected to commence in Q3 2026, marking a significant step in Carnarvon’s exploration strategy.
The most recent analyst rating on (AU:CVN) stock is a Buy with a A$0.26 price target. To see the full list of analyst forecasts on Carnarvon Energy Limited stock, see the AU:CVN Stock Forecast page.
More about Carnarvon Energy Limited
Carnarvon Energy Limited operates in the energy sector, focusing on exploration and development of oil and gas resources. The company is involved in joint ventures to enhance its exploration capabilities and expand its resource base.
Average Trading Volume: 2,232,521
Technical Sentiment Signal: Sell
Current Market Cap: A$205.7M
For an in-depth examination of CVN stock, go to TipRanks’ Overview page.