🕐07.04.11 - 02:54 Uhr

Norwest Energy [ASX: NWE] - Extending Footprint in Northern Perth Basin



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Norwest Energy [ASX: NWE] - Extending Footprint in Northern Perth Basin

Norwest Energy NL (ASX:NWE) has been awarded a Special Prospecting Authority � STP-SPA-0013 (SPA) � to conduct an FTG survey to evaluate the hydrocarbon potential over 21 onshore blocks in the Northern Perth Basin.

The SPA extends Norwest�s footprint in the Basin across a significant area with shale gas potential.

The SPA covers an elongated onshore area running along the Western Australian coast, located between Cervantes and Eneabba, and covering an area of ~860km2 (212,522 acres).

The SPA lies to the south of Norwest�s TP15 (offshore) and EP413 (onshore) acreage, and lies geologically between the north�south striking Urella Fault and Beagle Fault systems.

The sedimentary section on the block is known to contain thick shale formations, principle amongst which is the prolifically developed Kockatea Shale, which is mature for gas, with significantly high total organic carbon (TOC) content in the area of the SPA.

Please find details and images in the attached announcement.

For further information, please contact:

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

Media and Investor Enquiries:
Bill Kemmery
Fortbridge Consulting
Tel: +61 2 9331 0655
Mobile: +61 (0) 400 122 449
Email:

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