Australia's Norwest Energy Updates on Operations at its Upstream Assets

Un-risked Prospective Resource: recoverable volumes oil (MMstb or million stank barrels)

  • Reservoir
    • Dongara Sandstone: Low estimate - 3; Best estimate - 12; High estimate - 22
    • Irwin River Coal Measures: Low estimate - 13; Best estimate - 88; High estimate - 159
    • High Cliff Standstone:  Low estimate - 29; Best estimate - 60; High estimate - 256
    • Total: Low estimate - 45; Best estimate - 160; High estimate 437

The timing of drilling Xanadu-1 is dependent upon a range of factors including government approvals process, rig availability and securing a farminee.

EP 492 (Norwest 100 percent)

EP492 covers 332 square miles (860 square kilometers), along the northern Perth Basin coastal region between Green Head and Lancelin.

Data retrieval and interpretation of structural and depositional history of EP492 has been undertaken to assist with the evaluation of hydrocarbon prospectivity. EP492 has a six year term, with year one of the work program requiring geological studies to be followed in year two with a 2D seismic survey.

SPA-16 AO (Norwest 100 percent)

SPA-16 AO (SPA) is located at the southern end of the northern Perth Basin and adjoins EP447 that contains the Walyering gas/condensate field. The SPA also adjoins EP432 that contains the Cooljarloo and Woolka oil prospects and the Cataby-1 oil discovery.


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