🕐30.05.11 - 02:27 Uhr

NORWEST ENERGY [ASX: NWE] - ARROWSMITH 2 WELL SPUDS





Fortbridge Media Release

Norwest Energy [ASX: NWE] - Arrowsmith 2 Well Spuds

Norwest Energy NL (ASX: NWE) advises that the Arrowsmith�2 well in Exploration Permit EP413 was spudded on Sunday 29 May 2011.

Arrowsmith-2 will be drilled to a target depth (TD) of approximately 3,400 metres and will take +/- 37 days to reach it.

The objective of the well evaluation program (spanning several months) will be a full assessment on the viability of several formations identified for their potential hydrocarbon content. The primary objective is to test the shale gas potential of both the Carynginia Formation and the Irwin River Coal Measures, whereas the secondary objective is to test both the shale gas/condensate potential of the lower Kockatea Shale and the additional possibility of a conventional gas play within the High Cliff Sandstones.

As a part of the drilling program, a comprehensive logging and coring program will be undertaken, with core samples being taken from the middle Carynginia Shale and the Irwin River Coal Measures for further evaluation. Later in Quarter 3 2011, the well will be re-entered, fracture stimulated and subsequently flow tested in order to fully assess the productive capacity of the potential reservoir zones.

As of 6.00am WST on 30 May the well was drilling ahead at a measured depth of 580 metres.

In accordance with ASX Listing Rules, Norwest will issue regular updates during the drilling operations on each Thursday, or after completing an important operational phase and/or obtaining an important assessment or result.

The participants in Arrowsmith 2 are:
Norwest Energy NL (Operator) 27.945%
AWE Limited (via subsidiaries) 44.252%
Bharat PetroResources Ltd 27.803%

For further information, please contact:

Peter Munachen
Norwest Energy
Tel: +61 8 9227 3240
Email:

Media and Investor Enquiries:
Fortbridge Consulting
Tel: +61 2 9331 0655
Peter-John Lewis +61 (0) 416 290 604




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