EXPLORATION

Carnarvon finds more hydrocarbons in Phoenix South-3

CARNARVON Petroleum said this morning the drilling of its Phoenix South-3 well, close to the “staggering” Dorado-1, has encountered a number of sandstone intervals between 5200-5300 metres that have been interpreted to be porous, according to logging while drilling tools.

Helen Clark

Wireline logging will determine what kind, as speculation mounts over takeover

"Elevated gas readings and increased resistivity were observed across these sandstone intervals that indicate the presence of hydrocarbons," the company said this morning. This warrants wireline...

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