Carnarvon drilling update

Quadrant Energy and Carnarvon Petroleum continue to make progress on the drilling of the Dorado-1 and Phoenix South-3 wells.

Dorado-1

The well has been drilled in a 17 ½ inch (444.5 mm) hole to 1,162 m Measured Depth (MD) and the 13 ⅜ inch (339.725 mm) casing has been set.

Drilling of the 12 ¼ (311.15 mm) hole has commenced with current drilling operations at approximately 1,250 m MD.

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