Norwest Energy NL 2013 AGM Presentation Peter Munachen Chief Executive Officer
Norwest Energy (ASX:NWE) An emerging shale oil and gas exploration company based in Perth, WA Focus: Exploration activities in the Perth Basin Net basin acreage of 2,295 km2 (567,106 acres), with conventional and unconventional…
Significant acreage in Perth Basin (WA) and Wessex Basin (UK) 4
STRATEGY
Norwest is well placed to capitalise on the shale gas opportunity SHALE GAS: An emerging industry in Australia with an extensive exploration, evaluation and regulatory process required to progress to development. Resource…
Strategic focus Maintain focus on Arrowsmith Field Progress other early stage exploration development projects along value creation pathway Continue evaluation of Arrowsmith to Assess further opportunities to add consolidate…
SHALE GAS AND ITS DEVELOPMENT
What is Shale Gas Shale Gas: Natural Gas produced from shale (source) rock A clean form of energy produced from shale formations, usually 2-3km below ground level. Produced by a process known as hydraulic fracture stimulation…
Shale gas differs from coal seam gas Shale gas: in rocks 2-3 kilometres below the surface, far below surface aquifers. Coal seam gas: in coal beds near the surface. 10
What is hydraulic fracture stimulation Shale reservoirs have very low rock permeability which makes it very difficult for gas or oil to flow. Hydraulic fracture stimulation involves pumping typically water and sand, with 0.5%…
Development of shale gas One exploration well or one multi-well pad requires the temporary clearing of 2-3 hectares. Horizontal wells allow production from up to 5km2 from a single well pad. Multiple wells are required for a…
Significant potential in Australian shale gas Many conventional oil and gas plays are mature energy future value depends on unconventional discoveries. Potentially large shale gas resource. Development timeline governed by…
NWEs permits: the Northern Perth Basin Shale gas / 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…
ARROWSMITH PROJECT
Arrowsmith Project: development timeline Pilot production Resource Proof of Concept Pre Pilot field identification development Extensive evaluation Drill Arrowsmith-2 Test Arrowsmith-2 Wider field evaluation of existing data…
Arrowsmith-2: results Over 1000m of shale thickness. Max 0.41 MMscf/d Prospective 2P Resource 2.6Tcf. Contingent 2C Resource 316 BCF. Quantified flow capacity from distinct zones. Early gas to surface all 4 zones. Max 0.5…
Arrowsmith-2: status update Well currently shut-in to evaluate recent gas and water analysis results. Norwest as Operator to continue to work with the JV to agree upon next steps in final stages of evaluation program. Analysis of…
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-0013 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 3 permits in the Wessex Basin (PEDL238, PEDL239, P1928). Regional study group with other operators formed to define and promote shale potential of area. Joint presentations made to major operators…
OUTLOOK
Strategy and outlook Strategic focus Maintain focus on Arrowsmith Field development. Progress other early stage exploration projects along value creation pathway. Assess further opportunities to add value to project portfolio.…
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