Carnarvon Energy Limited
CVONF
Other OTC0.08
USD
- -
- -
ISIN
AU000000CVN8
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-0.12
77.03
5Y
-60.00
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Philip Paul Huizenga
- Full Time Employees
- 7
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 76 Kings Park Road West Perth WA Australia 6005
- IPO Date
- Mar 19, 2007
- Website
- carnarvon.com.au
- Similar Companies
- Business
- Carnarvon Energy Limited (ASX:CVN; OTC:CVONF) is an Australia-based independent oil and gas explorer focused on exploration, development, and production activities offshore Western Australia; the company holds interests in the world-class Dorado and Pavo oil and condensate developments, as well as the Roc, Phoenix, and Phoenix South projects, all located in the Bedout Sub-basin on the North-West Shelf approximately 110km offshore Port Hedland, with combined Dorado and Pavo resources estimated at 205 million barrels of oil equivalent (gross, 2C); it operates across four permits (WA-435-P, WA-436-P, WA-437-P, and WA-438-P) covering 21,652 square kilometers and targets conventional oil and gas resources to support domestic energy security and exports to Asia, alongside emerging carbon initiatives and new energy ventures. Founded in 1983 and headquartered at 76 Kings Park Road, West Perth, the company shifted strategic focus from international South-East Asia assets to the Bedout Basin after acquiring permits in 2009, achieving the Dorado discovery in 2018—the largest offshore oil find in Australia in 30 years—followed by Pavo in 2022. In a major recent development, Carnarvon invests up to A$89 million in Strike Energy Limited through a two-tranche placement to acquire a 19.9% stake, becoming its largest shareholder with board representation rights, following a strategic review prompted by delays in the Dorado development; this transaction, announced in July 2025 with the first A$52 million tranche completed and the second pending shareholder approval in September 2025, provides exposure to Strike's Perth Basin gas assets including the South Erregulla power station, Walyering gas project, and West Erregulla, while Carnarvon retains full focus on Bedout and maintains a strong balance sheet with at least A$96 million in cash and a A$90 million carry for Dorado.