Carnarvon Energy (ASX:CVN) announced financial results for the quarter ended 30 September 2022.

Integration of 2022 Pavo oil discovery for tie-back to Dorado.

Identified over 1.5 billion boe potential resource (Pmean, gross) in top 20 Bedout Sub-basin prospects.

Renewable fuels business maturing with market potential exceeding expectations.

Strong balance sheet with A$105m cash and no debt.

Following the announcement the company?s share price rose 1.785%.