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Norwest Energy (ASX:NWE) - Managing Director, Iain Smith
Managing Director, Iain Smith
Source: The Market Herald
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  • Norwest Energy (NWE) is resuming drilling at its Lockyer Deep-1 well in the Perth Basin of Western Australia
  • NWE says it began drilling from surface casing point, located at a depth of 1205 metres and in the 12-1/4 inch hole section
  • Drilling will finish once it hits the intermediate casing point, which is at a depth of approximately 3400 metres
  • Spudding in the well began in July, with Norwest and operator Energy resources planning to drill for 4125 metres
  • Shares in Norwest Energy are trading 10 per cent up at 1.1 cents each

Norwest Energy (NWE) is resuming drilling at its Lockyer Deep-1 well in the Perth Basin of Western Australia.

NWE said it began drilling from its surface casing point, at a depth of 1205 metres and in the 12-1/4 inch hole section on August 16.

Drilling is expected to stop once the drill hit the intermediate casing point, which is at a depth of approximately 3400 metres.

All up, drilling at Lockyer Deep -1 will continue until it hits a total depth of 4125 metres, testing the Kingia and High Cliff formations.

“The prospect lies on trend with significant discoveries made thus far at Waitsia, West Erregulla and Beharra Springs Deep, within the North Perth Basin’s Permian gas play’s “sweet spot”,” Norwest said.

NWE has a 20 per cent stake in the project while Mineral Resources’s (MIN) subsidiary Energy Resources owns 80 per cent and is the operator.

Spudding in the well began in July, before COVID-19 border restrictions forced a temporary suspension of operations at the Perth Basin.

Shares in Norwest Energy were trading 10 per cent in the green on Tuesday morning, at 1.1 cents per share at 10:32 am AEST.

NWE by the numbers
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