July 8 (Reuters) - Carnarvon Petroleum Ltd CVN.AX :
* 8.5" HOLE DRILLED TO 4,508 METRES DEPTH WITH WIRELINE LOGS INDICATING NO PRODUCIBLE HYDROCARBONS ACROSS CALEY & BAXTER SANDS
* ROC SOUTH-1 RESULT IN CALEY AND BAXTER INTERVALS SHOWS THAT IT WILL NOT BUILD UPON CURRENT RESOURCE POOL, SAYS MD ADRIAN COOK
* THERE IS ISSUFFICIENT POTENTIAL IN DEEPER CRESPIN AND MILNE STRUCTURES TO CONTINUE DRILLING