Phoenix South-2 gas and condensate discovery

Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to inform shareholders that the Phoenix South-2 well has penetrated a definitive hydrocarbon-bearing interval at or near the primary Caley target. The well drilled an estimated 39 metre hydrocarbon-bearing zone between approximately 5,176 and 5,215 metres with significant gas influx and elevated reservoir pore pressures. The well was u