The prospective resources for the Lockyer Deep/North Erregulla Deep complex are as follows, offering up to 224 Bcf recoverable gas, net to Norwest Energy.
Additional prospects and leads are present across EP368/426, including the Greater Springy Creek pol prospect which offers up to 61 MMbbls oil recoverable (gross) and an excellent follow-up drilling opportunity to Lockyer Deep-1. A 2D seismic reprocessing program is currently in progress, aimed at maturing this and other structural leads in order to fully broaden and characterise the prospect inventory.
Success at Lockyer Deep-1 is likely to be a transformational outcome for the Company.
We have lots to look forward to as well
Ann: Trading Halt, page-54
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