July 24 (Reuters) - Carnarvon Petroleum Ltd CVN.AX :
* ANNOUNCES FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE APPROXIMATELY $79 MILLION
* NON-UNDERWRITTEN SHARE PURCHASE PLAN AIMS TO RAISE UP TO ABOUT $5 MILLION
* PROCEEDS FROM OFFER WILL FUND ACTIVITIES INCLUDING ONGOING APPRAISAL OF DORADO DISCOVERY
* FOR INSTITUTIONAL PLACEMENT, EQUITY RAISING PRICE IS $0.39 PER SHARE