Key Highlights

  • Carnarvon Energy continues to advance exploration across the Bedout Basin.
  • The company released a Bedout Basin Resources Update on 23 June 2026.
  • A rig has been contracted for a 2027 Bedout sub-Basin drilling campaign.
  • CVN shares rose 9.52% to AUD 0.115 at the time of writing on 1 September 2026.

Carnarvon Energy (ASX: CVN) shares rose 9.52% to AUD 0.115 at the time of writing on 1 September 2026. Carnarvon Energy Limited (ASX: CVN) continues to centre its exploration strategy on the Bedout Basin. The company’s 2026 announcements have focused on resources, exploration planning and preparations for future drilling, keeping the basin at the heart of its current operational narrative. The sequence of disclosures shows the company moving from resource work and interpretation toward preparation for the next drilling campaign.

Resources Update Sets the Exploration Framework

On 23 June 2026, Carnarvon released its Bedout Basin Resources Update. The announcement formed part of a broader exploration and resources program, followed by a webinar and corporate presentation that further outlined the basin opportunity. These disclosures provide the current framework for the company’s exploration strategy. The company subsequently continued its reporting through its quarterly activities update and other investor materials.

A 2027 Drilling Campaign Is Planned

Carnarvon also announced on 1 June 2026 that a rig had been contracted for a 2027 Bedout sub-Basin drilling campaign. The planned program gives the company a defined future exploration milestone and connects the resource work completed in 2026 with the next stage of field activity. The contracted rig is therefore a key part of the company’s disclosed forward work program.

CVN Share Price Snapshot

At the time of writing on 1 September 2026, CVN shares rose 9.52% to AUD 0.115. The company’s next focus remains exploration planning and delivery of the future Bedout drilling campaign. Further company announcements will provide the next milestones as the program advances.