Persistence pays off for Carnarvon Petroleum as Dorado oil beckons

It's the country's most exciting oil discovery for decades, but the head of junior exploration partner Carnarvon Petroleum puts the success down to "dogged persistence" rather than anything more glamorous.

Chief executive Adrian Cook said it probably took the unique combination of privately backed Quadrant – soon to be taken over by Santos – and the technically-driven, North West Shelf-focused Carnarvon to have drilled the Dorado-1 well off Western Australia