Peter Munachen, Chief Executive Officer 11 12 March 2014
Norwest Energy (ASX:NWE) An emerging shale oil and gas exploration company based in Perth, Western Australia Net basin acreage of 2295km2 (567,106 acres), with conventional and unconventional opportunities Prime focus:…
Significant acreage in Perth Basin (WA) and Wessex Basin (UK) Permit size Norwest Permit Location (km2) interest Western Australia EP 368 Perth Basin, onshore 600.3 20% EP 426 Perth Basin, onshore 2,360.0 20% EP 413 (Operator)…
STRATEGY
Strategic focus Prioritise pathway to Progress other early stage commercialisation of Arrowsmith exploration projects along value Field creation pathway Continue evaluation and appraisal activities at Arrowsmith Assess…
Norwest is well placed to capitalise on the shale gas opportunity in Australia Norwest has positioned itself in the right place and at the right time to benefit from Australias developing shale and tight gas market, with the northern…
Significant potential in Australian shale gas Many conventional oil and gas plays are mature energy future value depends on shale and tight gas discoveries Potentially large shale gas resource Development timeline governed by…
NWEs permits: the Northern Perth Basin Shale and tight gas play fairway, with key focus being Arrowsmith Project (Norwest is operator and has 27.945% ownership) Surrounded by proven conventional oil and gas fields Proximity to…
ARROWSMITH PROJECT
Arrowsmith Project: development timeline Norwests first mover status in the Perth Basin and the immature shale gas sector in Australia presents complexities in navigating through the pathway to commercialisation 11
Arrowsmith Project: current status Arrowsmith Field Northern Perth Basin, Western Australia (Norwest 27.945%, Operator) Next steps for the Arrowsmith Field include conducting a 3D Seismic Survey, depicted in the map adjacent Survey…
Arrowsmith Project: future planning Finalise analysis and interpretation of Arrowsmith-2 dataset to high grade target intervals for future development Continue planning for 3D seismic survey Commence planning and regulatory…
OTHER KEY PERMITS
Perth Basin: TP/15 Norwest: 100% ownership and operator Offshore exploration permit prospective for oil (conventional) Close proximity to Cliff Head, Jingemia, Eremia oil fields and Dongara gas field Fault seal analysis and…
Perth Basin: STP-SPA 0064 Norwest: 100% owner and operator Norwest currently holds a Special Prospecting Authority (SPA) for an area of land extending from Lancelin to Leeman along the WA coast. Area of the SPA is 860 km2…
United Kingdom Norwest operates two permits in the Wessex Basin (PEDL238 and PEDL239) Former licence, P1928, was due to be relinquished in February 2014 as initial two year term expired relinquished in advance to provide…
OUTLOOK
Strategy and outlook Strategic focus Prioritise pathway to commercialisation of Arrowsmith Field Progress other early stage exploration projects along value creation pathway Assess further opportunities to add value to project…
For more information please contact us at: Ph: +61 8 9227 3240 Email: infonorwestenergy.com.au
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