Bindibu I tried the Go to link and it wasn't working for me either.
Here is what the guts of it said,
THE GOLDEN AGE OF GAS ... ...so why the northern Perth Basin? • 1965 - The Carynginia flowed 4MMscf/d unstimulated in Arrowsmith-1 (400m away from Arrowsmith-2) • 2010 - AWE Limited announced potential 13-20 TCF gas from the Caryinginia throughout the Basin • 2011 - US Energy Information Administration assess shale gas in the northern Perth Basin at 59 TCF recoverable (217 TCF in place) • 2011 - July Arrowsmith 2 drilled – core and logs establish presence of shale and tight gas • 2012 – August/September Arrowsmith flows gas from Carynginia and Kockatea (plus oil) – also Irwin River Coal Measures and High Cliff Sandstone
post well evaluation continues and prep's underway to re enter the well in coming days • Immediate focus on establishing oil flow rate from the Kockatea Shale • Highly prospective Carynginia and IRCM intervals to be re- entered to establish gas rates • High Cliff Sandstone and Irwin River Coal Measures tight gas potential could be enormous – Multi TCF • Object to establish the flow rate for each formation, after which Norwest will be in a position to: • High grade target intervals for development • Scale up flow test results to predict potential production from horizontal wells • Design a program for the next phase of the project; and • Estimate contingent resource volumes • Planning for 3D seismic survey has commenced – determine lateral extent of HCSS, Kockatea and shale gas sweet spots Commercial Drivers for the Project • Close proximity (within 17km) to both pipelines that service the domestic gas market • Economic feasibility study already underway • Infrastructure / pipeline planning already underway • Prevailing gas price of $10 - $12/GJ • Predicted shortfall in gas supply in coming years
Oh yes and NWE hold 100% of TP/15
Wessex Basin, UK • All permits operated by Norwest Onshore • 54km seismic survey acquired over Razorback Feb-Mar 2012 • Planning to drill Razorback well end 2014 Offshore • Currently purchasing and reprocessing 2D and 3D seismic over permit. • Planning an new 2D seismic survey • 2 year evaluation program • Prospects located adjacent to the huge 500 mmbbl Wytch Farm Field. - same play type
Summery • Successful Arrowsmith drilling and fracc program defines the long term potential as a shale and tight gas producer • Norwest continues to appraise and subsequently develop these resources – target first production Q3 2014 • Large portfolio of quality projects
Their is a disclaimer attached of course so always do your own reasearch.
Bindi, hope it helps and I reckon its two thumbs up again !!
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NWE Price at posting:
6.6¢ Sentiment: None Disclosure: Held
