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Carnarvon Energy Limited ( (AU:CVN) ) has shared an announcement.
Carnarvon Energy has reported a solid financial position at 31 December 2025, with A$98 million in cash, no debt and a US$90 million development carry on the Dorado project, while maintaining a lean corporate structure that keeps overheads largely covered by interest income. Operationally, the company is advancing preparations for a major exploration drilling campaign in the Bedout Sub-basin scheduled for the first half of 2027, including procurement of long-lead items, environmental approvals and rig tenders, supported by a large seismic ‘mega merge’ that has improved subsurface imaging and unlocked new prospectivity across most of its permits. Development planning for the large Dorado oil and gas discovery remains in a staged configuration centred on an FPSO-driven liquids phase with potential future gas export, though progress has been deferred by the operator pending further appraisal of broader basin potential. At the same time, Carnarvon has reinforced its strategic repositioning as a diversified energy player through its 19.9% stake in Strike Energy, working with Strike to deliver key gas and power projects such as South Erregulla and West Erregulla, which could provide additional growth avenues while it matures its Bedout portfolio.
The most recent analyst rating on (AU:CVN) stock is a Hold with a A$0.10 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 is an Australian oil and gas company focused on offshore exploration and development, particularly in the Bedout Sub-basin off Western Australia. Its primary assets include interests in the Dorado and Pavo oil and gas fields and a portfolio of exploration permits, and it has broadened its energy exposure through a significant stake in Strike Energy, gaining access to near-term gas production and the Western Australian electricity market.
Average Trading Volume: 1,705,201
Technical Sentiment Signal: Sell
Current Market Cap: A$162.8M
See more data about CVN stock on TipRanks’ Stock Analysis page.