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