Carnarvon Petroleum Limited announced that the Dorado-3 appraisal well successfully confirmed the Caley reservoir is capable of delivering oil at significant production flow rates. The well test was conducted over an approximate 11 metre section of net Caley reservoir, between 3,999 and 4,015 metres Measured Depth. The test indicates very high potential flow rates of around 30,000 barrels per day from each production well in the Caley reservoir. These results are in addition to the Baxter flow test results announced on 19 September 2019. The results were also achieved with only a 220 psi drawdown and, as with the recent Baxter test, the Caley flow rate was constrained by the capacity of the test equipment on the rig. The initial clean-up flow rate test achieved a maximum possible measured rate of approximately 11,100 barrels per day of oil and 21 million standard cubic feet ("MM scf") per day of associated gas through a 68/64" choke. The oil flow rate is one of the high from a North West Shelf appraisal well test. The composition of the oil and associated gas that has flowed to surface on this test from the Caley reservoir are as anticipated with no basic sediments and water (BS&W). Non-hydrocarbon gases are nominal with around 1.8% carbon dioxide (CO2). Testing of the Caley reservoir has continued beyond the initial clean-up flow with a series of pressure build- ups and multi-rate flow tests to gather important reservoir information. A significant amount of hydrocarbon fluids was also collected to assist in the development studies. The completion of the Caley well test will end the Dorado-3 well and the 2019 well campaign. The Dorado oil and gas field resides in WA-437-P in which Carnarvon holds a 20% interest.