🕐05.12.11 - 23:27 Uhr

NORWEST ENERGY [ASX: NWE] - EP368 AND EP426 UPDATE





Fortbridge Media Release

Norwest Energy [ASX: NWE] - EP368 and EP426 Update

Norwest Energy NL (ASX: NWE ) has been advised by Empire Oil & Gas (ASX: EGO) that its wholly owned subsidiary Empire Oil Company (WA) Limited and Origin Energy Limited (ASX: ORG) have executed two Farmin Agreements with respect to exploration permits EP368 and EP426.

Origin will earn 40% of both EP 368 and EP 426 by paying 80% of the cost to acquire 100 square kilometer of 3D seismic over the North Erregulla prospect to enable more accurate evaluation.

Empire, ERM Gas Pty Ltd and Allied Oil & Gas plc will have their costs fully carried by Origin for the North Erregulla 3D Seismic Survey. Norwest Energy sees considerable value in this prospect and has elected to maintain its 20% working interest and will cover its 20% share of the costs.

Please find details in the attached announcement.

For further information, please contact:

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

Media Enquiries:
Peter-John Lewis
Fortbridge
Tel: +61 2 9003 0477
Mob: +61 (0) 416 290 604
Email:








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