Australian independent Carnarvon Energy has set its sights on finding a farm-in partner this year for its Phoenix assets off Western Australia, where the operator wants to drill two potentially giant gas prospects that could provide feedstock for LNG projects.

“In relation to the farm-out of an interest in our WA-435-P and WA-437-P permits in Western Australia we have indicated that we’re working toward concluding a transaction in the third quarter of 2012,” said Carnarvon.