Norwest Energy applies for exploration permit based on positive STP-SPA results in Northern Perth Basin January 27, 2012

(ASX:NWE) has completed an evaluation of the hydrocarbon potential over 21 onshore blocks in the northern Perth Basin covered by Special Prospecting Authority STP-SPA-0013 (SPA). The SPA Norwest Energy NL is extensive, covering 860 km2 and located between Lancelin and Green Head, and situated to the S/SW of its other northern Perth Basin interests.

The extensive evaluation has identified that there are 3 different hydrocarbon systems that Norwest see as being prospective within the SPA, and will now proceed to apply to convert the SPA to a five year petroleum exploration permit. This will add significantly to Norwest’s acreage position and extends the footprint to the south of the Basin.

Click here to view the full announcement

For further information, please contact:

Peter Munachen or Ernie Myers
Norwest Energy
Tel: +61 8 9227 3240
Email: info@norwestenergy.com.au

Media Enquiries:
Peter-John Lewis
Fortbridge
Tel: +61 2 9003 0477
Mob: +61 (0) 416 290 604
Email: peter-john.lewis@fortbridge.com