Carnarvon raises cash to progress Dorado offshore project

Carnarvon Petroleum is raising up to $84 million to advance its Dorado project towards development in Western Australia.

Dorado is a major oil and gas field on Australia’s prolific North West Shelf in water depths of 70 to 100 metres.

Proactive Investors Australia is reporting FEED is expected to commence early 2020 and be completed by the end of calendar 2020.

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