EXPLORATION

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 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 pre-drill...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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