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NWE 0.3¢

this just thru now

  1. burnhi

    129 Posts.
    Cliff Head Multi-well drilling Programme
    Twin Lions 1 reservoir intersected

    Norwest Energy NL advises that the Twin Lions 1 exploration well which is located in the offshore northern Perth Basin within permit TP/15 has intersected the Irwin River Coal Measures reservoir unit. Preliminary information suggest the sands are water wet.

    WELL Permit Potential Equity
    (mm bbl in place)
    Cliff Head 3 WA-286-P 80-100 5.0% flowed 3,000BOPD
    Twin Lions 1 TP/15 360 10.0%* drilling
    Mentelle 1 WA-286-P 50 5.0%

    • paying 20% plus testing capped

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