AWE’s footprint in Perth Basin approximately 600,000 net acres under lease
nwe Large footprint, covering over 2,500km2 (net)
awe Grow through exploration & acquisitions
awe• Hydraulic fracture stimulation of 3 proof of concept wells completed between July and September 2012 • 8 separate zones in tight sands and shales successfully stimulated • Hydrocarbon (gas and oil/condensate) flowed from each zone • 13-20 Trillion cubic feet of gas potential (in place) assessed within Middle Carynginia • Additional target zones identified
• Located in exploration permit EP 413 • 5 zones tested – hydrocarbon flow achieved from all zones • Separate hydraulic fracture stimulations, plugs set between each zone • Achieved stablised rate of 0.78 MMscf/d from High Cliff Sandstones • Recovery of oil from Kockatea enhances potential • Immediate plan to clean up, flow back and test each zone sequentially to evaluate the flow potential of each zone • Flowback and evaluation of the Kockatea to commence in October 2012 • Further evaluation of Middle & Lower Carynginia, Irwin River Coal Measures shales and High Cliff Sandstones is planned • Evaluating potential acquisition of 3D seismic in 2013
from awe report
NWE Price at posting:
6.4¢ Sentiment: LT Buy Disclosure: Held