Norwest Energy NL Company Overview SEAPEX Singapore - 2016 Shelley Robertson Asset Manager 1 April 2016
Corporate Corporate details Board and management ASX code NWE Michael Fry Non-Executive Chairman Share price 0.3 cents David Kennedy Non-Executive Director Ordinary shares 2,050,569,394 Ronald Currie Non-Executive Director Market…
THE PERTH BASIN 4
Perth Basin Overview Proven hydrocarbon province with multiple producing oil and gas fields Even though underexplored, since 1990 the Perth Basin has demonstrated a 1 in 4 chance of commercial success Recent drilling success…
Why Norwest Energy Potential for participating in 3 wells: Drill-ready prospect Xanadu in shallow waters within TP/15 - a 160MMbbl prospective recoverable resource. Lockyer Deep prospect on EP368 a near- term drill ready target…
PROJECT PORTFOLIO 7
Permit Summary Permit Location Type of Permit Area (100%) Norwest % NORTHERN PERTH BASIN EP368 Perth Basin, WA Onshore 600.3 km2 20% EP426 Perth Basin, WA Onshore 2360.0 km2 22.22% EP413 Perth Basin, WA Onshore 508.3 km2…
TP/15 - Xanadu Prospect The Xanadu Prospect lies within TP/15, located in the offshore northern Perth Basin approximately 250 km north of Perth. The permit occupies the 3 nautical mile wide state territorial waters of Western…
TP/15 - Xanadu Prospect Unique opportunity to drill relatively low cost offshore play from onshore, with high equity position available. Since 2001 this play has resulted in four oilfield discoveries in the vicinity, namely Cliff…
TP/15 - Xanadu Prospect The Xanadu Prospect targets Permo-Triassic sands at a depth of approximately 800m. It is located in very shallow water immediately adjacent to the coast. Seismic lines in the vicinity of the Xanadu…
TP/15 - Xanadu Prospect Prominent Permian Structure This slide depicts seismically derived structural definition at the top of the Permian reservoir sequence: TWT Dongara/Wagina, IRCM and Kingia/High Cliff Xanadu 1 Proposed…
TP/15 - Xanadu Prospect Prominent Gravity Expression The gravity expression supports seismic mapping, in terms of both the overall form of the Permian horst and the identification of a crest in the NE corner Xanadu 1…
TP/15 - Xanadu Prospect Xanadu Prospect in its regional structural setting, based on seismic mapping, illustrating its proximity and relative size of oil fields in the vicinity, and location on the Beagle Ridge (red-orange), which is…
TP/15 - Xanadu Prospect Cliff Head Xanadu Hovea 5 km 5 km 5 km Xanadu Oil Field Cliff Head Oil Field Base Kockatea Depth Structure 16
Drill from Onshore Coast - line Cliff Head 1 Vindara 1 Xanadu 1 Freshwater Proposed target location Point 1 Notional Xanadu 1 well-path Yarragadee Fm Dongara - Wagina Kockatea Shale Base Kockatea Kockatea Shale Kockatea…
Effective Migration Pathways Xanadu 1 Proposed target location Cattamarra CM Xanadu Horst Oil generation Kockatea Shale - late mature for oil Primary charge pathway to Xanadu Base Kockatea Line of section Oil…
Volumetric Summary Recoverable volumes (mmstb) Reservoir Low Case Mid Case High Case Dongara Sst 3 12 22 Irwin River CM 13 88 159 High Cliff Sst 29 60 256 Totals 45 160 437 Chance of Success (Dongara Sst reservoir) 14%…
Xanadu-1 Drilling Profile Development Concept W E Expected timing to drill early 2017 fast-track to potential discovery Estimated cost of well AUD7M Proposed onshore development concept, low capex Planning and approvals process…
EP368 / 426 Two prospects identified: Lockyer Deep Best Case Estimate 58 BCF North Erregulla Deep Best Case Estimate 55 BCF 21
EP368 and EP426 An airborne Black Swan aerial geophysical survey was completed in Q2 CY2015 over EP368 & EP426 Lockyer Deep prospect identified as a potential extension of the Waitsia Kingia Formation play An additional…
EP368 and EP426 Lockyer-Deep The Lockyer-North Erregulla trend was proved oil-bearing at the Dongara sandstone level by the historic North Erregulla-1 and Lockyer-1 wells, however the deeper stratigraphic levels of the Kingia…
EP368 and EP426 Lockyer-Deep The extent of the Waitsia play extending into EP368 remains to be confirmed however results of AWEs Irwin-1 well suggest that the Kingia reservoir fairway increases in thickness to the east and thus…
EP368 and EP426 North Erregulla Deep An additional structure, North Erregulla Deep, located adjacent to Lockyer Deep has now been matured to prospect status at the Kingia / High Cliff Sandstone level. North Erregulla Deep is…
EP413 EP413 is located approximately 300km north of Perth. The Arrowsmith-2 well was drilled in mid-2011 to test the shale gas potential within the region. The well was hydraulically stimulated in four formations; the High…
EP413 During 2015, Norwest completed a 3D seismic acquisition survey. The survey was designed to assess the extent of the resource surrounding Arrowsmith-2. Processing of the 3D dataset is also complete, including pre-stack…
EP413 An unexpected outcome from the 3D seismic survey was the discovery of additional prospectivity in the southern end of the permit, approximately 7 km south of Arrowsmith-2 on the north- plunging Permian anticline, located on…
In Summary Norwest continues to retain a large footprint in the northern Perth Basin, with a net acreage position of 3,100km, containing seven permits with conventional and unconventional oil and gas prospects. Norwests exploration…
For more information please contact Norwest Asset Manager Shelley Robertson Norwest Energy NL Level 2 / 6 Thelma Street, West Perth 6005 www.norwestenergy.com.au Office: +61 8 9227 3240 31 Mobile: +61 414 986 917
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