10th September 2003 JINGEMIA 2 PERTH BASIN, WESTERN AUSTRALIA UPDATE Norwest Energy NL advises that the wireline logs are presently being run to further evaluate the Jingemia 2 appraisal. Total Depth: 2,781 metres Depth at time of last release: 2,739 metres Progress: 42 metres Current Operation: Conducting wireline logging programme Proposed next 24 hours: Continue running wireline logs Well commenced drilling: 24th August 2003 Objective Dongara Sandstone Objective Drilled Depth about 2,663 meters Objective Vertical Depth about 2,414 metres Objective Intersected 2,699 metres The Jingemia 2 appraisal well is being drilled from the Jingemia 1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the number discovery well. As mapped, the well is designed to intersect the edge of the Jingemia Oil Field. Jingemia 2 will better define this field oil and determine the oil-water contact for the field. Drilling of this appraisal well will, therefore give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support. Norwest Energy NL has a 1.278% interest in this well and the Jingemia Oil Field.
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