"The Arrowsmith-2 well (AWE 44.25%) tested five separate shale and tight gas zones with hydrocarbon flows being achieved from all five zones. plugs were set between each zone in order to collect separate test data from each individual zone. A stabilised gas rate of 0.78 MMscf/d was obtained from the High Cliff Sandstone, while gas was also recovered from the Irwin River Coal Measures and Carynginia Formation. Both oil and gas were recovered from the Kockatea shale, which substantially enhances the commercial potential of the Kockatea. Testing of the Arrowsmith-2 well recommenced in late october following hook-up and commissioning of production testing equipment. This testing will include clean-up and flow testing of each of the five zones, starting with the Kockatea shale. The Ep 413 Joint Venture is currently evaluating the potential acquisition of a 3D seismic survey in the Arrowsmith area during 2013."
NWE Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held