Dorado drilling greenlit

QUADRANT Energy and Carnarvon Petroleum have committed to one of the most watched wells likely to be drilled in Australian waters this year, fulfilling Carnarvon boss Adrian Cook’s prediction that the Dorado prospect was too good to pass up.

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While Dorado-1 may not have much competition on a sparse national drilling dance card, even in a busier year it would stand out, being a giant target with potential for upside to more than 1.