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WA strikes oil discovery fueling hopes for new oil province

Article image for WA strikes oil discovery fueling hopes for new oil province

Quadrant Energy and its junior partner Carnarvon Petroleum are fuelling hopes for a new oil province in Australia after striking oil in their Dorado-1 well off the north-west coast.

The discovery in the Roebuck Basin off northwestern Western Australia caused Carnarvon Petroleum shares to jumped 57% after what CEO Adrian Cook is calling a “shallow water discovery”.

He tells Ross Greenwood “that’s the offering we provide to investors”.

Click PLAY below to hear the full interview

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