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Carnarvon Petroleum Ltd.

Australia

Address: 1322 Hay St  West Perth WA 6005

Tel: +61 08 9321 2665

Web: http://www.carnarvon.com.au

Company description

Carnarvon Petroleum Limited (“Carnarvon”) is a Perth based company listed on the Australian Stock Exchange. The Company’s principal activity is oil and gas exploration and production. In December 2005 Ted Jacobson joined Carnarvon as a director and Chief Executive Officer. This appointment followed changes to the Board including the appointment of Peter Leonhardt as Chairman and Ken Judge as a non-executive director. Ted Jacobson brings to Carnarvon his 36 years technical and commercial experience as a petroleum geologist/geophysicist. He was co-founder and technical director of Tap Oil Limited where he oversaw the company grow to a market capitalisation of $400 million. Peter Leonhardt was formerly Chairman of Voyager Energy Limited prior to its successful merger with Arc Energy Limited. Ken Judge is an international businessman with extensive interests in mining and oil and gas companies. An active and capable Board provides an excellent blend of oil and gas, finance, commercial and legal experience.

Products and services

Carnarvon’s immediate objective is to create value from the production and exploration opportunities in its 40% interest in the Phetchabun Basin oil fields and exploration concessions in Thailand. Together with new joint venture partner and operator, TSX listed Pan Orient Energy Corp. (POE), Carnarvon is undertaking an extensive work programme including 3D seismic and a mix of development, appraisal and exploration wells to fully evaluate and test the field. The longer term objective is to build Carnarvon’s asset base from exploration success and cash flow self sufficiency and be widely recognised for excellent technical credentials. At the same time as Carnarvon develops its Thai interests new exploration and development opportunities are being actively canvassed with a principal focus on oil prolific basins in Asia and Australia.
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