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Norwest Energy’s Quarterly Report September 2009 October 30, 2009

Posted by Fortbridge in Energy.
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Norwest Energy (ASX: NWE) has had a particularly busy September quarter with the prime activities, the flying of airborne FTG surveys over TP/15 and EP368/426 (Western Australia).

The results for TP/15 are very exciting as they confirm that Xanadu and Redhill South are prime drill targets. Norwest will now proceed to plan the drill program for Q4/2010.

Meanwhile the EP368/426 results are still being interpreted. Elsewhere in the northern Perth Basin, the Jingemia J12 production well was drilled and intersected a 15m oil column. J12 was brought on line in October and it is expected to add a further two years to the current life of the Jingemia field.

HIGHLIGHTS

  • Airborne FTG survey confirms TP/15 prospects – Xanadu and Redhill South as prime drill targets for 2010 drilling season
  • Additional high-resolution ground gravity survey completed over UK-Dorset- PEDL238
  • Jingemia J12 production well completed and brought on line in October
  • Underwritten rights issue raises A$2.6m
  • Michael Fry appointed as Chairman

Click here to view the full attachment.

For further information, please contact:

Peter Munachen or Ernie Myers on
+618 9227 3240, or email info@norwestenergy.com.au

Media and Investor Enquiries:
Bill Kemmery
Fortbridge
+612 9331 0655
+61 400 122 449
bill.kemmery@fortbridge.com

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