RBC highlights derisking effect of Dorado announcement

Analyst RBC Capital Markets is expecting a material 1C upgrade that could be critical to commercial development of the “major” oil and gas resources Carnarvon Petroleum (20%) and Santos (80%) are now reporting after drilling at their Dorado-2 well in Western Australia’s Bedout Sub-basin.

RBC highlights derisking effect of Dorado announcement RBC highlights derisking effect of Dorado announcement RBC highlights derisking effect of Dorado announcement RBC highlights derisking effect of Dorado announcement RBC highlights derisking effect of Dorado announcement
RBC equity analyst Ben Wilson noted the highlight of yesterday's Santos and Carnarvon drilling announcement was confirmation of oil-water contact in the primary Caley oil-bearing reservoir as per